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Ahmed Company uses a periodic inventory system. Details for the inventory account for the most de Units Per unit price Total Balance, 1/1/21 400 $5.00

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Ahmed Company uses a periodic inventory system. Details for the inventory account for the most de Units Per unit price Total Balance, 1/1/21 400 $5.00 $2.000 Purchase, 1/15/21 200 5.30 1,080 200 5.50 1.100 Purchase, 1/28/21 An end of the minth (1/31/21) inventory showed that 240 units were on hund Instructions Calculate: (1) Value of ending inventory. (2) Cost of goods sold. Under the follwoing methods: (a) FIFO (b) LIFO (C) Average Cost or 5 C10 (PC) or ALT+FN+F10 (Mac). Arial

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