LIFO

BALANCE SHEET

Date 2/10/2022 3/21/2022 4/06/2022 7/26/2022 8/18/2022 8/02/2022 1022/2022 11/22/2002 12/22/2022 Description Purchased Purchased Sold Purchased Sold Purchased Sol Sold Purchased Quantity items 520 per item Sitems$19 per item Sitems Gitems$15 per item Zims 6517 per item 4 ms items Bem 516 Colete both endinginventory and then the UFO method Prepare the come statement, tatement of retained arning and balance sheet assuming the company had the $100.000 Balance Sheet Simt FRE Income Stmt ALE Labilities Equity End R/E $ Netlacome Net Income