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Best Answer Available for sale October 1 Beg inventory 60 25 1 500 October 9 Purchase 120 26 3 120 October 17 Purchase 70 27

Best Answer Available for sale October 1 Beg inventory 60 25 1 500 October 9 Purchase 120 26 3 120 October 17 Purchase 70 27 1 890 October 25 Purchase 80 28 2 240 Total 330 units for 8 750 average cost per unit 26 515 Sales October 11 Sale 100 35 3 500 October 22 Sale 60 40 2 400 October 29 Sale 110 40 4 400 Total 270 units sales revenue 10 300 Ending inventory 330 270 60 units a 1 LIFO i ending inventory 60 25 1 500 ii cost of goods sold 8 750 1

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