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Marigold's Staff Junkets has the following inventory information. July 1: Beginning inventory - 22 units at $94 July 5: Purchases - 117 units at $92
Marigold's Staff Junkets has the following inventory information.
July 1: Beginning inventory - 22 units at $94
July 5: Purchases - 117 units at $92
July 14: Sale - 76 units
July 21: Purchases - 61 units at $93
July 30: Sale - 60 units
Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis?
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