Perpetual Inventory System LIFO

Date Particulars Qty Unit Price Amount Date

1-Feb-16 Beginning Inventory 900 $200 $180,000
3-Feb-16 Purchases 700 $210 $147,000 1-Feb-16
5-Feb-16 Purchases 700 $200 $140,000 3-Feb-16
7-Feb-16 Sale 1000 $0
9-Feb-16 Purchases 1200 $180 $216,000 5-Feb-16
11-Feb-16 Purchases 1500 $170 $255,000
12-Feb-16 Sale 2900 $0
13-Feb-16 Purchases 1100 $200 $220,000 7-Feb-16
14-Feb-16 Purchases 700 $220 $154,000
19-Feb-16 Sale 1700 $0 9-Feb-16
21-Feb-16 Sale 700 $0
23-Feb-16 Purchases 1900 $180 $342,000
25-Feb-16 Purchases 2100 $170 $357,000 11-Feb-16
27-Feb-16 Sale 2000 $0
28-Feb-16 Sale 2000 $0

12-Feb-16

13-Feb-16

14-Feb-16

19-Feb-16

21-Feb-16

23-Feb-16

25-Feb-16

27-Feb-16
28-Feb-16

CGAS
 Purchases Sale Balance
Units Unit Price Amount Units Unit Price Amount Units Unit Price Amount
900 $200 $180,000 900 $200 $180,000
700 $210 $147,000 900 $200 $180,000
700 $210 $147,000
700 $200 $140,000 900 $200 $180,000
700 $210 $147,000
700 $200 $140,000
700 $200 $140,000 900 $200 $180,000
300 $210 $63,000 400 $210 $84,000
1200 $180 $216,000 900 $200 $180,000
400 $210 $84,000
1200 $180 $216,000
1500 $170 $255,000 900 $200 $180,000
400 $210 $84,000
1200 $180 $216,000
1500 $170 $255,000
1500 $170 $255,000 900 $200 $180,000
1200 $180 $216,000 200 $210 $42,000
200 $210 $42,000
1100 $200 $220,000 900 $200 $180,000
200 $210 $42,000
1100 $200 $220,000
700 $220 $154,000 900 $200 $180,000
200 $210 $42,000
1100 $200 $220,000
700 $220 $154,000
700 $220 $154,000 900 $200 $180,000
1000 $200 $200,000 200 $210 $42,000
100 $200 $20,000
100 $200 $20,000 500 $200 $100,000
200 $210 $42,000
400 $200 $80,000
1900 $180 $342,000 500 $200 $100,000
1900 $180 $342,000
2100 $170 $357,000 500 $200 $100,000
1900 $180 $342,000
2100 $170 $357,000
2000 $170 $340,000 500 $200 $100,000
1900 $180 $342,000
100 $170 $17,000
 100 $170 $17,000 500 $200 $100,000
1900 $180 $342,000
CGAS $2,011,000 CGS $1,911,000 Ending Inventory $100,000