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2. The beginning inventory of B. Brahms, Inc., purchases, and sales are shown on the sheet at the end of the Exam. Units were sold

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2. The beginning inventory of B. Brahms, Inc., purchases, and sales are shown on the sheet at the end of the Exam. Units were sold at $40 each. REQUIRED: A. Compute ending inventory using FIFO periodic. B. Compute ending inventory using LIFO perpetual on the sheet at the end of the Exam. C. Prepare an income statement using LIFO perpetual inventory. Date Units Cost Purchased Unt $ Units Purchased Sold Cost 1/1xx COGS Units in Cow Total Inventory Un invertorys 125 20.00 2,500 1/10/% 225 21.00 4,725 1/28/ 250 1/30/>

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