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Ch. 6 Part One: Charlie Co. has the following data about inventory, using the periodic inventory system: July 1 Beginning Inventory + 1,000 units at

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Ch. 6 Part One: Charlie Co. has the following data about inventory, using the periodic inventory system: July 1 Beginning Inventory + 1,000 units at $2 each 5 Purchase + 2,000 units at $2.75 each 10 Sell - 2,500 units for $16 each 15 Purchase + 2,000 units at $4 each 25 Sell - 1,500 units for $12 each 1. How many units are in ending inventory? 1940 19 2. Calculate COGS for July and ending inventory on July 31" using LED- 3. Calculate COGS for July and ending inventory on July 31" using LIFO. 4. Calculate COGS for July and ending inventory on July 31" using Average Cost. l ol lol otomoto

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