13. A company has the following purchases and sales during February. Using the FIFO periodic inventory method, what is the cost of the 12 units that are sold?

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14. Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold?

13 TB MC Qu. 05-135 (Algo) A company has the following.. A company has the following purchases and sales during February. Using the FIFO periodic inventory method, what is the cost of the 12 units that are sold? Date Activities Units Aequired at Cost Units sold at Retail February 1 Beginning inventory 10 units $14 = $140 February 3 Purchase 20 units @ $16 = $320 February 5 Sales 12 units sold 1 pois AR 13 Multiple Choice + points $168 look AK O $172 References O 5164 $174 $188 O 14 TB MC Qu. 05-122 (Algo) A company's inventory... 1 points A company's inventory records report the following in November of the current year: Date Activities Units Acquired at Cost Units sold at Retail November 1 Beginning inventory 5 units @ $60 = $300 November 2 Purchase 10 units @ $62 - $620 November 8 Sales 12 units & $94 November 12 Purchase 6 units @ $65 = $390 Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold? eBook Ask Print Reference 14 Multiple Choice 1 points $654 $740 References O $762 $468 $570 O