ACCT 201 Exercise #6 Inventory Valuation Methods In the month of April 2004, the following transactions took place at Green Meadows. Compute the ending inventory under FIFO and LIFO assuming a periodic inventory system is used. April 1 April 7 April 18 April 25 April 30 Beginning Inventory Sales Purchases Sales Purchases I 30 units @ $40 10 units 50 units @ $42 35 units 20 units @ $43

ACCT 201 Exercise =6 Inventory Valuation Methods In the month of April 2004, the following transactions took place at Green Meadows. Compute the ending inventory under FIFO and LIFO assuming a periodic inventory system is used