John Adams Companys record of transactions for the month of April was as follows.
Purchases Sales
April balance on hand @ $ April @ $
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Instructions
Assuming that periodic inventory records are kept in units only, compute the inventory at April using LIFO and averagecost
Assuming that perpetual inventory records are kept in dollars, determine the inventory using FIFO and LIFO.
John Adams Companys record of transactions for the month of April was as follows.
Compute FIFO, LIFO, AverageCostPeriodic Presented below is information related to Blowfish radios for the Hootie Company for the month of July.
