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Company has the following inventory data. The company uses a periodic inventory system. Jan Units Extension 2 Beginning Inventory 200 $78 $15,600 7 Purchase 75

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Company has the following inventory data. The company uses a periodic inventory system. Jan Units Extension 2 Beginning Inventory 200 $78 $15,600 7 Purchase 75 $80 $6,000 8 Sold 120 $225 $27,000 12 Purchase 150 $85 $12,750 28 Sold 110 $. 50 $27,500 REQUIRED: SHOW WORK a) Under FIFO, calculate: 1) Cost of Goods Sold ii) Gross Margin Percent b) Under LIFO, calculate: i) Inventory Turn ii) Ending Inventory Edit View Insert Format Tools Table > 'Y ?

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