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Calculate the value of inventory

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Question - Using the information provided by Dr.Ajay, we can compute the value of closing inventory, based on the based on the LIFO method:

Date:

Mar-1 Purchase 130 units @ $130

Mar-6 Sales 100 units @ $130

Mar-8 purchase 50 units @$125

Mar-10 Sales 55 units @$125

Mar-6 Purchase 25 units @ $ 140

Mar- 25 sales 35 units @ $ 140

Mar- 20 Purchase 30 units @ $150

Required - Calculate the Value of Inventory under (FIFO, LIFO).

Reference no: EM132559944

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