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Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June. June 1 Balance 296 units @ $13
Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June.
June 1 | Balance | 296 units @ $13 | June 10 | Sold | 195 units @ $32 | |||||
11 | Purchased | 796 units @ $16 | 15 | Sold | 497 units @ $33 | |||||
20 | Purchased | 503 units @ $17 | 27 | Sold | 299 units @ $36 |
Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO?
The ending inventory at LIFO | $____________ |
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