Chapter 7 video assignment i Saved Help Save & EX Che 10 (UIVESL) dledssyieu LU LIE IVE LUI Y LIIAL IS SLIII UIT Ildilu II Enully livenluny. Ulei weiyileu dveldy LUSL, Lie weiyileu average cost per unit of inventory is assigned equally to goods sold and those still on hand in ending inventory. Part 5 of 7 LIFO Beginning Inventory 0.38 points $3 $3 se sa $5$ 5 $3 sasa sa January 5 Purchase sa January 18 Purchase eBook Goods Available for Sale = 15 units @ Total Cost of $63 Cost of Goods Sold = $54 Ending Inventory = $5 $5 $5 $5 $5 Print Units Sold = 12 Units Not Sold=3 References 130 0 0:51/0:51 1x cc @ Knowledge Check 01 A company had inventory on July 1 of 5 units at a cost of $16 each. On July 2, they purchased 9 units at $28 each. On July 6 they purchased 5 units at $25 each. On July 8, 8 units were sold for $58 each. Using the LIFO periodic inventory method, what was the value of the inventory on July 8 after the sale? Value of the inventory on July 8