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The Wine Guy of Napa Valley inventory records show the following data for the month of March for a private reserve Coppola Merlot Wine:
The Wine Guy of Napa Valley inventory records show the following data for the month of March for a private reserve Coppola Merlot Wine: Inventory, March 1 Purchases: March 12 March 23 Units 760 120 290 A physical inventory on March 31st shows 450 units on hand. Unit Cost $20.00 21.00 22.00 Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory system.
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