Respuesta :
Answer:
$3,445
Explanation:
Starlight Company has inventory of 8 units at a cost of $200 each on October 1.
On October 2, it purchased 20 units at $205 each.
11 units are sold on October 4.
Using the LIFO perpetual inventory method, the value of inventory after the October 4 sale will be:
Date Particulars Unit Cost Balance
Oct 1 Beginning inventory 8 $200
Oct 2 Purchases 20 $205 28
Oct 4 Sales 11 $205 17
The 17 units are made up of the balance of 9 from the purchases on Oct 2, and the 8 units of opening inventory.
Hence the value of inventory after the sale is (9 x $205) + (8 x $200) = $3,445
- $3,485.- $3,445.- $3,500.- $3,472.- $3,461.
Answer:
$3,445
Explanation:
Last in First Out (LIFO) perpetual inventory method records the most recent good that enter the store as the one that is sold first.
From the question, 11 units sold will be deducted from the 20 units purchased on October 2, and we therefore have 9 units left for October 2. Based on this, the value of inventory after the October 4 sale can be calculated as follows:
Value of October 1 inventory = 8 × $200 = $1,600
Value of remaining October 2 inventory = (20 - 11) × $205 = 9 × $205 = $1,845
Value of inventory after the October 4 sale = $1,600 + $1,845 = $3,445
Therefore, the value of inventory after the October 4 sale is $3,445.
