Acompany had inventory on november 1 of 5 units at a cost of $25 each. on november 2, they purchased 15 units at $27 each. on november 6 they purchased 11 units at $30 each. on november 8, 12 units were sold for $60 each. using the lifo perpetual inventory method, what was the value of the inventory on november 8 after the sale?

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding