Bell company had the folowing information for the year ending devember 31 using LIFO?

Bell Company had the following information for the year ending December 31: 7 Units Unit Cost Beginning inventory 300 $44 Purchase April 6 530 43 Sale: May 4 270 Purchase July 19 200 33 Sale: September 9 370 Purchase October 10 100 32 Bell uses the perpetual inventory system and the LIFO method. Required: Using LIFO (a) Compute the cost of ending inventory. (b) Compute the cost of goods sold for the year. Explanation Check Type here to search how to cite a