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Assume the company's records show the below for January. The company sold 330 units between January 16 a Beginning Inventory Purchase Purchase Date January 1
Assume the company's records show the below for January. The company sold 330 units between January 16 a Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units Unit Cost Total Cost 180 $ 75 $13,500 420 85 35,700 320 105 3 3,600 10 points Required: Calculate the cost of ending inventory and the cost of goods sold by using the FIFO and LIFO methods. 8 00:34:17 FIFO L IFO Print Cost of Ending Inventory Cost of Goods Sold
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