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ACC- Rick Company?s beginning inventory and purchases

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Question;Rick Company?s beginning inventory and purchases during the fiscal year ended December 31, 2012, were as follows: (Note: The company uses a perpetual system of inventory.)Units Unit Price Total CostJanuary 1?Beginning inventory 18 $24 $432March 12?Sold 13April 11?Purchase 45 $29 $1,305June 20?Sold 33Aug 16?Purchase 35 $27 $945Sept 11?Sold 29Total Cost of InventoryEnding inventory is 23 units. $2,682What is the cost of goods sold for Rick Company for 2012 using LIFO?

 

Paper#44576 | Written in 18-Jul-2015

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