Jocque Fabrics
The following data are available for one item of merchandise sold by Jocque Fabrics,which uses a periodic inventory system.
$\begin{array}{lll}
\text { February } & 1 & \text { On hand, } 100 \text { units at } \$ 12 \text { each } \
&8 & \text { Sold, } 60 \text { units for } \$ 30 \text { each } \
&14 & \text { Purchased, 30 units at } \$ 13 \text { each } \
&25& \text { Sold, } 24 \text { units for } \$ 30 \text { each }
\end{array}$ Refer to the information provided for Jocque Fabrics.If the LIFO method is used,determine the following amounts:

Question

Jocque Fabrics
The following data are available for one item of merchandise sold by Jocque Fabrics,which uses a periodic inventory system.
 $\begin{array}{lll}
\text { February } & 1 & \text { On hand, } 100 \text { units at } \$ 12 \text { each } \
&8 & \text { Sold, } 60 \text { units for } \$ 30 \text { each } \
&14 & \text { Purchased, 30 units at } \$ 13 \text { each } \
&25& \text { Sold, } 24 \text { units for } \$ 30 \text { each }
\end{array}$ Refer to the information provided for Jocque Fabrics.If the LIFO method is used,determine the following amounts:

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The Answer of Jocque Fabrics
The following data are available for one item of merchandise sold by Jocque Fabrics,which uses a periodic inventory system.
 $\begin{array}{lll}
\text { February } & 1 & \text { On hand, } 100 \text { units at } \$ 12 \text { each } \
&8 & \text { Sold, } 60 \text { units for } \$ 30 \text { each } \
&14 & \text { Purchased, 30 units at } \$ 13 \text { each } \
&25& \text { Sold, } 24 \text { units for } \$ 30 \text { each }
\end{array}$ Refer to the information provided for Jocque Fabrics.If the LIFO method is used,determine the following amounts:

Jocque Fabrics the Following Data Are Available for One Item

Jocque Fabrics
the Following Data Are Available for One Item