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sasho [114]
4 years ago
13

Sintaxis de ; Haz lo que te mandé

Law
1 answer:
IRISSAK [1]4 years ago
6 0
Is this supposed to be spanish? Elaborate
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June
bonufazy [111]

LIFO stands for Last in First out, essentially stating that the most recent products produced or purchased are the first to be sold or expensed. So lets list the quantity, dates, and prices in an ordered fashion.

June 1: 150 units $825

June 10: 200 units $1,120

June 15: 200 units $1,140

June 28: 150 units $885

Total: $3,970

What we know from the question is that only 200 units arrived. This plus the fact that we know we must use the LIFO method means that only the first 200 units arrived. So we get rid of every other unit cost in order to find ending inventory. So, lets find what's left.

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3 years ago
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