1. Calculate ending inventory and cost of goods sold using LIFO and FIFO cost assumptions.

PISA SPAGHETTI MAKER Company began the year with 60 units in inventory that cost $88 each. During the year PISA, which uses a periodic inventory system, makes the following purchases of new units: PISA SPAGHETTI MAKER Company began the year with 60 units in inventory that cost $88 each. During the year PISA, which uses a periodic inventory system, makes the following purchases of new units