Question
Inventory Aug 1 Balance 700 units @ $5.00 $3,500 Nov 5 Purchase 300 units @ $5.50 1,650 Jan 24 Purchase 8,500 units @ $7.50 63,750
| Inventory | |||||||||
| Aug | 1 | Balance | 700 | units | @ | $5.00 | $3,500 |
| |
| Nov | 5 | Purchase | 300 | units | @ | $5.50 | 1,650 |
| |
| Jan | 24 | Purchase | 8,500 | units | @ | $7.50 | 63,750 |
| |
| Apr | 8 | Purchase | 500 | units | @ | $8.20 | 4,100 |
| |
| Sales Revenue | ||||||||||
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| Jul 31 9,010 units $126,140 | ||||||
FIND LIFO: SALES REVENUE AND COST OF GOODS SOLD
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Murder Audit
Authors: Michelle Cornish
1st Edition
1775083624, 978-1775083627
