A company purchases and sells Roofoo.It began last year with five units of Roofoo on hand at a cost of $10 each,and during the year its purchases and sales were as follows:
-What was the value of ending inventory of Roofoo,using the LIFO assumption in a periodic inventory system?

Question

A company purchases and sells Roofoo.It began last year with five units of Roofoo on hand at a cost of $10 each,and during the year its purchases and sales were as follows:  
-What was the value of ending inventory of Roofoo,using the LIFO assumption in a periodic inventory system?

Quizplus · Accepted Answer

The Answer of A company purchases and sells Roofoo.It began last year with five units of Roofoo on hand at a cost of $10 each,and during the year its purchases and sales were as follows:  
-What was the value of ending inventory of Roofoo,using the LIFO assumption in a periodic inventory system?

A Company Purchases and Sells Roofoo