Question:

Compute the cost assigned to ending inventory using LIFO

Last updated: 9/10/2023

Compute the cost assigned to ending inventory using LIFO

Compute the cost assigned to ending inventory using LIFO Note Round your average cost per unit to 2 decimal places Date January 1 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 Goods Purchased of units Cost per unit of units sold Perpetual LIFO Cost of Goods Sold Cost per unit Cost of Goods Sold of units 600 at Inventory Balance Cost per unit 40 00 Inventory Balance 24 000 00