Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 24

Murphy, Inc., purchased a new inventory item two times during the month of April, as follows:

a.hat is the amount of the ending inventory of this item on April 30 if the company has sold 75 units and uses the LIFO inventory method
b.ow would this amount differ if the company used the FIFO inventory method