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A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were
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A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale

User Jyothu
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Answer:

The value of the inventory on November 8 after the sale is $276.

Step-by-step explanation:

Detailed steps are attached below

A company had inventory on November 1 of 5 units at a cost of $20 each. On November-example-1
User Tadeo
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