Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory

costing method at the end of each period as if it uses a perpetual inventory system. The following are the transactions for the month of

July.

Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with $($a$)$

FIFO and $($b$)$ LIFO.

Complete this question by entering your answers in the tabs below.

Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination

with LIFO.