Celtic Company reported these January purchases and sales for its basketball RFID labelling product Date Activities Units Purch Cost Units Sold Retail 1 Jan Beginning INV 240 units $4 50 $1,080 10 Jan Sales 200 units $15 00 20 Jan Purchase 120 units $6 50 $780 25 Jan Sales 150 units $15 00 30 Jan Purchase 360 units $7 00 $2,520 TOTALS 720 units $4,380 350 units What are Celtic Companys ending costs assigned to both Cost of Goods Sold (CGS) and Ending Inventory (INV) at month end closing January 31st using a) FIFO and using b) LIFO Celtic Company reported these January purchases and sales for its basketball RFID labelling product Units Sold Retail Units Purch Cost 240 units $4 50 $1,080 Date 1 Jan 10 Jan 20 Jan 25 Jan 30 Jan Activities Beginning INV Sales Purchase Sales Purchase 200 units $15 00 120 units $6 50 $780 150 units $15 00 360 units $7 00 $2,520 TOTALS 720 units $4,380 350 units What are Celtic Company's ending costs assigned to both Cost of Goods Sold (CGS) and Ending Inventory (INV) at month end closing January 31st using a) FIFO and using b) LIFO

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Celtic Company reported these January purchases and sales for its basketball RFID labelling product: Date Activities Units Purch @ Cost Units Sold @ Retail 1-Jan

Celtic Company reported these January purchases and sales for its basketball RFID labelling product: Date Activities Units Purch @ Cost Units Sold @ Retail 1-Jan Beginning INV 240 units @ $4.50 $1,080 10-Jan Sales 200 units @ $15.00 20-Jan Purchase 120 units @ $6.50 $780 25-Jan Sales 150 units @ $15.00 30-Jan Purchase 360 units @ $7.00 $2,520 TOTALS 720 units $4,380 350 units What are Celtic Companys ending costs assigned to both Cost of Goods Sold (CGS) and Ending Inventory (INV) at month end closing January 31st using: a) FIFO? and using b) LIFO? image text in transcribed

Celtic Company reported these January purchases and sales for its basketball RFID labelling product: Units Sold @ Retail Units Purch @ Cost 240 units @ $4.50 $1,080 Date 1-Jan 10-Jan 20-Jan 25-Jan 30-Jan Activities Beginning INV Sales Purchase Sales Purchase 200 units @ $15.00 120 units @ $6.50 $780 150 units @ $15.00 360 units @ $7.00 $2,520 TOTALS 720 units $4,380 350 units What are Celtic Company's ending costs assigned to both Cost of Goods Sold (CGS) and Ending Inventory (INV) at month end closing January 31st using: a) FIFO? and using b) LIFO