132k views
3 votes
Number

of Units
25
75
Date Transaction
Apr. 3 Inventory
8 Purchase
11 Sale
30 Sale
May 8 Purchase
10 Sale
19 Sale
28 Purchase
June 5 Sale
16 Sale
21 Purchase
28 Sale
Per
Unit
$1,200
1,240
2,000
2,000
1,260
2,000
2,000
1,260
2,250
2,250
1,264
2,250
Total
$ 30,000
93,000
80,000
60,000
75,600
100,000
40,000
100,800
90,000
56,250
44,240
99,000how to calculate the lifo ​

User Jan Boyer
by
5.6k points

1 Answer

6 votes

Answer:

Step-by-step explanation:

Question

Number

of Units

25

75

Date Transaction

Apr. 3 Inventory

8 Purchase

11 Sale

30 Sale

May 8 Purchase

10 Sale

19 Sale

28 Purchase

June 5 Sale

16 Sale

21 Purchase

28 Sale

Per

Unit

$1,200

1,240

2,000

2,000

1,260

2,000

2,000

1,260

2,250

2,250

1,264

2,250

Total

$ 30,000

93,000

80,000

60,000

75,600

100,000

40,000

100,800

90,000

56,250

44,240

99,000how to calculate the lifo ​

User Racso
by
5.8k points