ABC Company had the following purchases and sales in June. What is the ending...
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ABC Company had the following purchases and sales in June. What is the ending June inventory balance using the periodic FIFO and perpetual LIFO methods?
Date Action Units Cost
June 1 Beg. Inventory 100 $2
June 6 Sale 50
June 9 Purchase 200 $4
June 15 Sale 175
June 20 Purchase 100 $5
June 25 Sale 125
ABC Company had the following purchases and sales in June. What is the ending June inventory balance using the periodic FIFO and perpetual LIFO methods?
Date Action Units Cost
June 1 Beg. Inventory 100 $2
June 6 Sale 50
June 9 Purchase 200 $4
June 15 Sale 175
June 20 Purchase 100 $5
June 25 Sale 125
ABC Company had the following purchases and sales in June. What is the ending June inventory balance using the periodic FIFO and perpetual LIFO methods?
Date Action Units Cost
June 1 Beg. Inventory 100 $2
June 6 Sale 50
June 9 Purchase 200 $4
June 15 Sale 175
June 20 Purchase 100 $5
June 25 Sale 125
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