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The following information is from Doha Company for April. The company uses a perpetual System. Inventory at the beginning of April 2020 was 900 Units
The following information is from Doha Company for April. The company uses a perpetual System.
- Inventory at the beginning of April 2020 was 900 Units with cost 3 QAR per unit.
- The company on 5thof April purchased merchandise on account with 1200 units and cost 4 QAR per unit.
- The company on 10thof April sold 1000 units with 13 QR.
- The company on 18 of April purchased 300 units cash with cost 5 QAR per unit.
- The ending inventories at the end of April was 1400 units.
- Required:The cost of Ending inventory by using LIFO method will be
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