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Inventory records for Crystal Corporation revealed the following: March 1, 2024, inventory: 1,550 gallons @ $8.30 per gallon = $12,865 Purchases: March 10 March 16
Inventory records for Crystal Corporation revealed the following: March 1, 2024, inventory: 1,550 gallons @ $8.30 per gallon = $12,865 Purchases: March 10 March 16 March 23 710 gallons @ $8.35 910 gallons @ $8.40 710 gallons @ $8.45 Sales: March 5 March 14 March 20 March 26 510 gallons 810 gallons 610 gallons 810 gallons Ending inventory assuming LIFO in a periodic inventory system would be:
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