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Lifo and Perpetual system! hightligh answer please Shown below is the activity for one of the products of Random Creations: January 1 balance, 80 units
Lifo and Perpetual system! hightligh answer please
Shown below is the activity for one of the products of Random Creations: January 1 balance, 80 units 550 $4,000 Purchases: January 15: 40 units 351 January 28: 40 units 9 652 Sales: January 12 30 units January 22: 30 unita January 31: 45 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Random Creations uses LIFO and perpetual Inventory system (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount) Ending inventory Cost of goods sold $ S 5,365 2.755
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