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Use the LIFO method of inventory pricing what is the dollar value of ending inv.

Algebra
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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.

Jan 4th, 2015

http://budgeting.thenest.com/calculate-lifo-fifo-23519.html

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!

Jan 4th, 2015

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