Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

تمرين 17

A Perpetual inventory using LIFO
Beginning inventory, purchases, and sales for Item Zebra 9x are as follows:

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on April 27 and (b) the inventory on April 30.
B Perpetual inventory using LIFO
Beginning inventory, purchases, and sales for Item Foxtrot are as follows:

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 27 and (b) the inventory on March 31.