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2. The beginning inventory of Cuitlyn, Inc., purchases, and sales are shown on the following sheet. The units are sold for $50 each. REQUIRED Date

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2. The beginning inventory of Cuitlyn, Inc., purchases, and sales are shown on the following sheet. The units are sold for $50 each. REQUIRED Date Units Cost Purch Unit COGS Units Sold Cost Unit Purch Units in Cost Total Inventory Unit Inventorys 200 22 00 4,400 1/1xx 1/10/xx 500 23.00 11.500 200 22.00 500 23.00 4.400 11,500 1/28/xx 550 1/30/xx 100 24.00 2,400 Total 600 13,900 550 A. Compute inventory using FIFO periodic B. Complete the above perpetual inventory record using LIFO perpetual inventory. C. Prepare an income statement using LIFO perpetual inventory

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