Question
inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June. June 1 Balance 302 units @ $15 June
inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June.
June 1 Balance 302 units @ $15 June 10 Sold 197 units @ $36
11 Purchased 795 units @ $18 15 Sold 499 units @ $38
20 Purchased 499units @ $20 27 Sold 296units @ $41
Assuming that the periodic inventory method is used how do you calculate FIFO COGS and ending inventory and, LIFO COGS and ending inventory?
Inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June.
Perpetual inventory method: Ending inventory of LIFO?
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