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Prepare schedule to show cost of goods sold

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Question - Coltron Company uses the perpetual inventory system and the LIFO method. The following information is available for the month of June:

June 1 Beginning inventory 25 units @ $8

June 10 Purchase 30 units @ $10

June 15 Sales 35 units

June 18 Purchase 20 units @ $15

June 21 Sales 25 units

June 30 Purchase 30 units @ $18

Required - Prepare schedule to show cost of goods sold and the value of the ending inventory for the month of June.

Reference no: EM132864750

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