mariah9695
22.07.2021 •
Business
Oriole has the following inventory data: July 1 Beginning inventory 34 units at $6.70 5 Purchases 134 units at $7.40 14 Sale 90 units 21 Purchases 67 units at $8.10 30 Sale 63 units Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July
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Ответ:
The correct answer is "$585.80".
Explanation:
According to the question,
Sold 63 units on July 30 from purchase of July 21, the remaining will be:
=
=
=
Sold 90 units on July 14 from purchase of 5, the remaining will be:
=
=
=
On July 1, opening stock will be:
=
=
hence,
The total value of inventory as per LIFO method will be:
=
=
($)
Ответ:
nope
Explanation:
thxs for the coins tho