Using a LIFO Perpetual Cost Flow,calculate the Value of the Ending

question 37

Essay

Using a LIFO perpetual cost flow,calculate the value of the ending inventory and the cost of merchandise sold for the month of November of Beamer Company using the data below.​Nov. 1 Purchase 600 units $80 each4 Sale 200 units11 Purchase 350 units $82 each12 Sale 275 units22 Purchase 175 units $84 each23 Sale 155 units​Calculate the following:
(a)Inventory valuation at the end of November
(b)Cost of merchandise sold for November

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Definitions:

Online Money-Lending Site

A digital platform that connects borrowers with lenders, facilitating loans and financial transactions over the internet.

Prospective Lenders

Individuals or financial institutions that are potential sources of loans or financial backing, still in the consideration or evaluation stage.

Human Capital

The collective skills, knowledge, and abilities of an organization's workforce, regarded as an economic asset.

Abilities

The skills and competencies that enable an individual to perform actions or tasks effectively.