11. Company Z had the beginning inventory of 100 units at $2 each. On January 2, they purchased an additional 200 units at $3 each. On January 6, they sold 150 units at $5 each. On January 15, they purchased another 200 units at $3.5 each. Lastly, on January 25, they sold another 150 units at $6 each. Calculate the companys ending inventory using LIFO. Assume the company uses the perpetual method.

$628

$500

$525

$700

12.

Company Z had the beginning inventory of 500 units at $15 each. On February 1, they purchased an additional 800 units at $18 each. On March 15, they sold 1000 units at $50 each. On June 1, they purchased another 600 units at $20 each. Lastly, on August 15, they sold another 500 units at $55 each. Calculate the companys cost of goods sold using average cost. Assume the company uses the periodic method.

$25,900

$27,900

$26,763

$26,325