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2. Shown below is activity for one of the products of Innodine January 1 balance, 240 units at $54 for a total of $13.200 Purchases
2. Shown below is activity for one of the products of Innodine January 1 balance, 240 units at $54 for a total of $13.200 Purchases January 10-210 units at $45 January 20-420 units at $52 Sales: January 12-375 units January 28-435 units a Compute the ending inventory and cost of goods sold assuming Innodine uses FIFO b Compute the ending inventory and cost of goods sold assuming Innodine uses LIFO and a perpetual inventory system c Compute the ending inventory and cost of goods sold assuming Innodine uses average d. Compute the ending inventory and cost of goods sold assuming Innodine uses LIFO e Compute the ending cost and a perpetual inventory system and a periodic inventory system average cost and a periodic inventory system
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