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Bought Sold January 6 0 at 6 May 3 0 at 2 0 June 3 0 at 9 December 5 0 at 2 0 1

Bought Sold
January 60 at 6 May 30 at 20
June 30 at 9 December 50 at 20
1. From the figures in the table above calculate what is the ending balance of inventory for FIFO and LIFO?
A. FIFO: 1000, LIFO: 600
B. FIFO: 60, LIFO: 90
C. FIFO: 90, LIFO: 60
D. FIFO: 600, LIFO: 1000

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