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Perpetual inventory help FIFO and LIFO for second help. Following Is a summary ot beginning Inventory, purchases, and sales. At what amount Ilullnould the inventory

Perpetual inventory help FIFO and LIFO for second help.

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Following Is a summary ot beginning Inventory, purchases, and sales. At what amount Ilullnould the inventory he prloed assuming, the rst-in, rst-out method is used under perpetual inwentorylI procedure? Beg. lnu., Ian. 1 2,400 units Q $8.80 Purchases: Jan. 3 5,500 units Q $9.00 ' Mar. 15 2,000 units Q 59.!!! Jul. 25 2,300 units Q $15!! How. an m units Q $9.70 Sales: Feb. 13 3,000 units Jun. 9 2,300 units Sep. 22 L400 units At what amount would the InventoryI in the preceding question be priced If the last-in, rst-out method were used under perpetual inventory procedure

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