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43:04 Given the following: Number Cost purchased per unit Total January 1 inventory 40 $4 $ 160 April 1 June 1 60 7 420 50
43:04 Given the following: Number Cost purchased per unit Total January 1 inventory 40 $4 $ 160 April 1 June 1 60 7 420 50 400 November 1 55 9 495 205 $ 1,475 Lok a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 61 units). nces Cost of ending inventory b. Calculate the cost of goods sold using the LIFO (ending inventory shows 61 units). Cost of goods sold
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