Question
LIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are
LIFOPerpetual Inventory
The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows:
Date Transaction Numberof Units Per Unit Total
Apr. 3 Inventory 78 $600 $46,800
Apr.8 Purchase 156 720 112,320
Apr.11 Sale 105 2,000 210,000
Apr. 30 Sale 66 2,000 132,000
May 8 Purchase 130 800 104,000
May 10 Sale 78 2,000 156,000
May 19 Sale 39 2,000 78,000
May 28 Purchase 130 880 114,400
June 5 Sale 78 2,100 163,800
June 16 Sale 104 2,100 218,400
June 21 Purchase 234 960 224,640
June 28 Sale 117 2,100 245,700
I am having trouble with journal entry for april 30. how to put in the jornal
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
