1.Georgia Co. provided you the following details for the year 2017.

Required:

Calculate

a.Cost of goods sold (COGS) under FIFO

b.Cost of goods sold (COGS) under LIFO

c.Ending Inventory under FIFO and LIFO.

Georgia Co. provided you the following details for the year 2017. Beginning inventory 80 units @ $ 15 each First Purchase 150 units @ $ 12 Second Purchase 390 units @ $ 13 Third Purchase 250 units @ $ 14 Sales 830 units @ $ 20 Required: Calculate a. Cost of goods sold (COGS) under FIFO b. Cost of goods sold (COGS) under LIFO C . Ending Inventory under FIFO and LIFO