Periodic inventory records LIFO and FIFO
00 3rd 730 @ 8.00
4th 2190 @ 6.40 9th 1898 @ 8.00
8th 1168 @ 6.60 11th 876 @ 10.00
13th 1752 @ 6.90 23rd 1752 @ 10.00
21st 1022 @ 7.20 27th 1314 @ 13.00
29th 730 @ 7.5
total 7738 6570
Assuming that periodic inventory records are kept in both units and dollars, determine the inventory at April 30 using FIFO and LIFO
LIFO = $ —————
Average Cost = $—————
Assuming that perpetual inventory records are kept in both units and dollars, determine the inventory at April 30 using FIFO and LIFO
FIFO inventory $————–
LIFO inventory $————