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8 Part 2 of 3 6 points Skipped eBook Hint Print References A company...

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Accounting

8 Part 2 of 3 6 points Skipped eBook Hint Print References A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 270 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Date QS 5-6 (Algo) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. January 1 January 9 Total January 9 January 25 Total January 25 January 26 Goods purchased # of units Units 240 60 100 Unit Cost $2.20 2.40 2.54 Cost per # of units unit sold Perpetual LIFO: Cost of Goods Sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per unit Inventory Balance $ 0 Check my work
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A company tepots the following beginning imventory and two puchases for the month of January. On Janusy 25 , the comperty sels 270 units Ending inventory ot January 31 totels 190 units OS 5-6 (Algo) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetial imventory system is vied. Determino the costs assigned to ending inventory when costs are assigned boled on the UfO method

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