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Calculate using the periodic lifo system

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Reference no: EM132499545

Inventory

June 1 purchased 150 units for 6.60ksh each

June10 purchased 200 units for 6.30 ksh each

June 15 purchased 200 units for ksh 5.85 each

June 28 purchased 150 units for 5.20 ksh each

A physical count on inventory reveals that there are 250 units on hand by June 30

Question 1: Calculate using the periodic LIFO system ,Using FIFo ,the amnt allocated to cost of goods sold for june

Reference no: EM132499545

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