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Assuming a periodic inventory system is used by Benita Company what is the ending inventory using LIFO? Assuming a periodic inventory system is used by

Assuming a periodic inventory system is used by Benita Company what is the ending inventory using LIFO?

Assuming a periodic inventory system is used by Benita company what is the cost of goods sold under FIFO?

 

inventory of Benita Company for the month of April: April 1 Beginning Inventory 100 units @ $16 April 2 Sales 50 units April 3 Purchases 72 300 units @ $24 DApril 10 Sales 250 units April 21 Purchases 200*32 400 units @ $32 April 28 Sales 200 units

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