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question calculate the cost of merchandise sold for the month and the value of the e 4286630

Question

Calculate the cost of merchandise sold for the month AND the value of the ending inventory using the LIFO and FIFO

Last in First out

__________- Cost of merchandise sold

__________-Value of ending inventory

First in First Out

________- Cost of merchandise sold

__________-Value of ending inventory

2-June

Inventory

12 t-shirts

$15

13-June

Purchase

13 t-shirts

$17

16-June

Sale

18 t-shirts

21-June

Purchase

9 t-shirts

$20

26-JUNE

Sale

10 t-shirts

2-June

Inventory

12 t-shirts

$15

13-June

Purchase

13 t-shirts

$17

16-June

Sale

18 t-shirts

 

21-June

Purchase

9 t-shirts

$20

26-JUNE

Sale

10 t-shirts

 

 

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