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A company reported the current month purchase and sales data for its only product and uses the perpetual inventory system. Determine the cost assigned to
A company reported the current month purchase and sales data for its only product and uses the perpetual inventory system. Determine the cost assigned to ending inventory and cost of goods sold using LIFO. 30 points Units Acquired Units Sold at Cost at Retail 1-Apr Beginning 175 units at $15 each 4-Apr Purchase 150 units at $16 each 7-Apr Sale 160 units at $30 each 10-Apr Purchase 200 units at $17 each 16-Apr Sale 250 units at $30 each 25-Apr Purchase 160 units at $18 each 28-Apr Sale 150 units at $32 each Cost of Goods Sold? Ending Inventory? (in dollars!)
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