You are the manager of a candle shop. If inventory was; Jan.1 -5000 units @ .89
Feb.15 10000 units@.69- April 15, 2000 units @ 1.09 July 15, 4000 units @ .99
Oct. 15, 1000 units @1.19 Dec. 15 2000 units @ 1.09. use the LIFO of inv. pricing.
This website explains very well on how to perform this problem in a simple way . your should be able to follow it step by step!
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?