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Please show working Date Activity Units Purchase Price (per unit) Sale Price (per unit) Oct 01 Beg. inventory 800 $30 Oct 05 Sale 1 500
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| Date | Activity | Units | Purchase Price (per unit) | Sale Price (per unit) |
| Oct 01 | Beg. inventory | 800 | $30 | |
| Oct 05 | Sale 1 | 500 | $60 | |
| Oct 15 | Purchase 1 | 1,500 | $35 | |
| Oct 21 | Sale 2 | 1,000 | $65 | |
| Oct 23 | Purchase 2 | 700 | $40 | |
| Oct 29 | Sale 3 | 800 | $70 |
Using the LIFO inventory method calculate the cost of ending inventory after the last sale.
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
5th Edition
0470251395, 978-0470251393
