5. If Prices were increasing, moving from FIFO to LIFO would lead to:

COGS:

Ending Inventory:

Net Income:

Batch Units Price per Unit 9.500 $2.10 2 4,300 $2.08 3,600 $2.04. 4 7,200 $2.01 10,800 units were sold after Batch 2 was purchased, while 3,400 units were sold after Batch 3 was purchased. 1. Calculate COGS and Ending Inventory under the Fl O method, using a Perpetual Inventory System. COGS $29,710 2 Ending Inventory $21,000 2. Calculate COGS and Ending Inventory under the FIF method, using a Periodic Inventory System. B2 000 $29,710 COGS 2 Ending inventory 521.000 3. Calculate COGS and Ending Inventory under the LIFO method, using a Perpetual Inventory System. 211 B2 80 1 COGS $29,530 2 Ending Inventory $21,180 4. Calculate COGS and Ending Inventory under the LIFO method, using a Periodic Inventory System. B2 80 1 COGS $29,530 2 Ending Inventory 5. If Prices were increasing, moving from FIFO to O would lead to COCOS Ending Inventory Net Income