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Inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June. June 1 Balance 303 units @ $14 June
Inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June.
| June 1 | Balance | 303 units @ $14 | June 10 | Sold | 203 units @ $33 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Purchased | 796 units @ $17 | 15 | Sold | 499 units @ $35 | |||||
| 20 | Purchased | 503 units @ $18 | 27 | Sold | 303 units @ $37 |
| (1) LIFO | (2) FIFO | |||
|---|---|---|---|---|
| Cost of Goods Sold |
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| Ending Inventory |
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perodid method
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