Question
Sunland Company's record of transactions for the month of April was as follows. Purchases Sales April 1(balance on h..0@$6.00April 3..0@$10.0042,550@6..0@10.0081,360@6..0@11.00132,040@6..0@11.00211,190@6..0@12.0029850@6.797,8209,010 Assuming that perpetual inventory records
Sunland Company's record of transactions for the month of April was as follows.
Purchases
Sales
April 1(balance on h..0@$6.00April 3..0@$10.0042,550@6..0@10.0081,360@6..0@11.00132,040@6..0@11.00211,190@6..0@12.0029850@6.797,8209,010
Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO.(Round answer to 0 decimal places, e.g. 2,760.)
(1)Inventory:
FIFO
(2)
LIFO
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
