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The inventory records for Vibrant Company showed the following transactions during the month of April. Using LIFO perpetual inventory method, determine the cost assigned to
The inventory records for Vibrant Company showed the following transactions during the month of April. Using LIFO perpetual inventory method, determine the cost assigned to cost of goods sold for the month of April Date April 1 Activities Units Acquired at Cost Units Sold at Retail April 7 Beginning inventory Purchase 180 units $10 - $ 1,800 250 units @ $12 - $ 3,000 April 12- Sales April 17 Purchase April 26 Sales Multiple Choice $3.600 $2.890 $2760 53730 130 units @$13 - $ 1,690 178 units 120 units
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