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Bridgeport Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 90 $2.85 Purchases: September 8 460
Bridgeport Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1
90
$2.85
Purchases:
September 8
460
$3.50
September 18
300
$3.90
A physical inventory on September 30 shows 160 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system.
Ending inventory: $ enter a value of ending inventory in dollars
Cost of goods sold: $ enter a cost of goods sold in dollars
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