Using a LIFO perpetual cost flow,calculate the value of the ending inventory and the cost of merchandise sold for the month of November of Beamer Company using the data below.Nov. 1 Purchase 600 units $80 each4 Sale 200 units11 Purchase 350 units $82 each12 Sale 275 units22 Purchase 175 units $84 each23 Sale 155 unitsCalculate the following:
(a)Inventory valuation at the end of November
(b)Cost of merchandise sold for November

Question

Using a LIFO perpetual cost flow,calculate the value of the ending inventory and the cost of merchandise sold for the month of November of Beamer Company using the data below.​Nov. 1 Purchase 600 units $80 each4 Sale 200 units11 Purchase 350 units $82 each12 Sale 275 units22 Purchase 175 units $84 each23 Sale 155 units​Calculate the following:
(a)Inventory valuation at the end of November
(b)Cost of merchandise sold for November

Quizplus · Accepted Answer

The Answer of Using a LIFO perpetual cost flow,calculate the value of the ending inventory and the cost of merchandise sold for the month of November of Beamer Company using the data below.​Nov. 1 Purchase 600 units $80 each4 Sale 200 units11 Purchase 350 units $82 each12 Sale 275 units22 Purchase 175 units $84 each23 Sale 155 units​Calculate the following:
(a)Inventory valuation at the end of November
(b)Cost of merchandise sold for November

Using a LIFO Perpetual Cost Flow,calculate the Value of the Ending