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Question 92 pts Use the Table below: Date Particulars Units Unit Cost Selling Price July 1 Beginning inventory 100 $10 July 13 Purchases 500 $13
Question 92 pts
Use the Table below:
Date | Particulars | Units | Unit Cost | Selling Price |
July 1 | Beginning inventory | 100 | $10 |
|
July 13 | Purchases | 500 | $13 |
|
July 25 | Sold | (200) |
| $15 |
July 31 | Ending inventory | 400 |
|
Calculate: Profit Using LIFO method
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