February 25, 2017

Homework Help: finance

Posted by james on Tuesday, February 8, 2011 at 11:28am.

A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO? Note: LIFO, last-in, first-out represents that the last produced will be the first shipped. (Show your work/calculations/formulas)

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions