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Carla Vista Lighting had a beginning inventory of 29 units at a cost of $7 per unit on August 1. During the month, the following
Carla Vista Lighting had a beginning inventory of 29 units at a cost of $7 per unit on August 1. During the month, the following purchases and sales were made. Purchases Sales August 5 34 units at $8 August 2 24 units August 11 44 units at $9 August 10 29 units August 23 39 units at $10 August 19 59 units August 21 29 units Carla Vista uses a periodic inventory system. Determine ending inventory and cost of goods sold under: 1. FIFO and 2. LIFO. FIFO LIFO 1. Ending inventory $ $ 2. Cost of goods sold $ $
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