Assume your organization has the following inventory changes during the year: Beginning Inventory February purchases June purchases Total units used 15 units Valued at $10,000, each 13 units at $11,500 each 20 units at $12,000 each 42 Calculate the value of the ending inventory and the value of the inventory used (the inventory expense) for the year, using both the FIFO and the LIFO method of cost-flow.

- Assume your organization has the following inventory changes during the year: Beginning Inventory February purchases June purchases Total units used 15 units Valued at $10,000, each 13 units at $11,500 each 20 units at $12,000 each 42 Calculate the value of the ending inventory and the value of the inventory used (the inventory expense) for the year, using both the FIFO and the LIFO method of cost-flow