Question
Inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June. June 1 Balance 303units @$14 June 10 Sold
Inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June.
June 1 Balance 303units @$14 June 10 Sold 203units @ $33
11 Purchased 796units @ $17 15 Sold 499units @ $35
20 Purchased 503units @ $18 27 Sold 303units @ $37
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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