Beth Company purchased two identical inventory items. The first purchase cost $5 and the second cost $21. The Company sold one of the items for $30. If the Company uses the LIFO cost flow method, the balance in the inventory account after the sales transaction will be $______

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The following information relates to Toby Company Beginning inventory 187 units at $3 each Purchases 60 units at $5 each At the end of the period ,Toby had 22 units left in inventory. Toby sold the remaining units for $19 each. If Toby used the FIFO costing model, what is the cost of goods sold?

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