A company made the following merchandise purchases and sales during the current month:
There was no beginning inventory.If the company uses the last-in,first-out perpetual inventory system,what would be the cost of the ending inventory?

Question

A company made the following merchandise purchases and sales during the current month:
  There was no beginning inventory.If the company uses the last-in,first-out perpetual inventory system,what would be the cost of the ending inventory?

Quizplus · Accepted Answer

The Answer of A company made the following merchandise purchases and sales during the current month:
  There was no beginning inventory.If the company uses the last-in,first-out perpetual inventory system,what would be the cost of the ending inventory?

A Company Made the Following Merchandise Purchases and Sales During