Calculate the cost of goods sold and the cost of the ending inventory using the LIFO periodic cost flow assumption

sales 104 units at $17 per unit

'beggining inventory 85 units at $13 per unit

purchases units at $11 per unit

calculate the costs of goods sold using the LIFO periodic cost flow assumption

units from beggining inventory

units from purchase

cogs-LIFO method

calculate the cost of the ending inventory using the LIFO periodic cost flow assumption

units from beggining inventory

units from purchase

Ending inventory LIFO method

Calculate the cost of goods sold and the cost of the ending inventory using the LIFO periodic cost flow assumption. Sales 104 units at $17 per unit Beginning inventory 85 units at $13 per unit Purchases 59 units at $11 per unit Calculate the cost of goods sold using the LIFO periodic cost flow assumption. Units X Cost per Unit = Total Cost Units from beginning inventory Units from purchase Cost of Goods Sold - LIFO method Calculate the cost of the ending inventory using the LIFO periodic cost flow assumption. (Enter O's for any layers where there were no units sold.) X Cost per Unit = Total Cost Units x Units from beginning inventory Units from purchase Ending Inventory - LIFO method