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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
I’m working on an accounting project and the inventory portion is stumping me. I'm hoping someone can help answer. The current inventory consists of 30 units of software at a cost of $140.00 each. Inventory is cost using LIFO and the perpetual inventory system. JOURNAL-12/11/14- Sold 15 units of Inventory on Account, $4,50012/12/14- Purchased 20 units of Inventory on Account, $2,400 12/19/14- Sold 10 units of Inventory on Account, $3,000
Adjustment- 12/31/14- Inventory count shows 33 units, some damaged units were disposed of during the month
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