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I need help using the FIFO and LIFO accounting formula AUGUST 1st is 75 units at $20 each Units Unit Cost Unit Sales Price Aug.
I need help using the FIFO and LIFO accounting formula
AUGUST 1st is 75 units at $20 each
|
| Units | Unit Cost | Unit Sales Price |
---|---|---|---|---|
Aug. 3 | Sale | 65 | $59 | |
Aug. 8 | Purchase | 70 | $28 | |
Aug. 21 | Sale | 60 | 75 | |
Aug. 30 | Purchase | 25 | 45 |
|
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