Perpetual Inventory Using LIFO
We should create a chart. Please help me. Beginning inventory, purchases, and sales data for prepaid cell phones for July are as follows:
Inventory |
|
Purchases |
|
Sales |
|
July 1 |
3,800 units at $20 |
July 10 |
1,900 units at $22 |
July 12 |
2,660 units |
|
|
July 20 |
1,710 units at $24 |
July 14 |
2,280 units |
|
|
|
|
July 31 |
1,140 units
|