(APPENDIX 6B) INVENTORY COSTING METHODS: PERIODIC LIFO
Refer to the information for Filimonov Inc. given earlier (see Cornerstone Exercise 6-23). Assume that Filimonov uses a periodic inventory system.
Exercise 6-23
INVENTORY COSTING: LIFO
Refer to the information for Filimonov Inc. in the box above. Assume that Filimonov uses a perpetual inventory system.