A company that uses a perpetual inventory system made the following cash purchases and sales.There was no beginning inventory.
Prepare the general journal entries to record the March 16 sale using the LIFO inventory valuation method.

Question

A company that uses a perpetual inventory system made the following cash purchases and sales.There was no beginning inventory.
  Prepare the general journal entries to record the March 16 sale using the LIFO inventory valuation method.

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The Answer of A company that uses a perpetual inventory system made the following cash purchases and sales.There was no beginning inventory.
  Prepare the general journal entries to record the March 16 sale using the LIFO inventory valuation method.

A Company That Uses a Perpetual Inventory System Made the Following