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The following information is available for Lyle corporation for the month of June beginning inventory 8units at $20 = $160 Purchased, june 3 5 units
The following information is available for Lyle corporation for the month of Junebeginning inventory 8units at $20 = $160Purchased, june 3 5 units at $22 = $110Purchased, June 5 7 units at $24 = $168sold, June 9 9 unitsPurchased, June 15 8 units at $26 -= $208sold, june 19 7 unitsGiven this information, the perpetual LIFO ending inventory balance is