Sunland Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.
Sunland Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July15$150July63July116$164July145July217$175July275 Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, […]