Compute the cost assigned to cost of goods sold to ending inventory using LIFO

March 1, 160 units $50 each

March 5, 640 units $55 each

March 9, 672 units $85 each

March 18, 192 unit $60 each

March 25, 320 units $62 each

March 29, 256 units $95 each

  

For March of Year 4, compute the cost assigned to cost of goods sold and to ending inventory using LIFO. Important! Be sure to click the correct Year at the top of the dashboard. Perpetual LIFO Date March 1 March 5 March 9 March 18 March 25 March 29 Totals Goods Purchased #of units 160 640 Cost per unit S 50.00 S 55.00 # of units sold 66 Cost of Goods Sold Cost per unit Cost of Goods Sold $ $ 50,00 = $ 55.00 0.00 0.00 0.00 of units 160 B Inventory, Balance Cost per unit S 50.00 55 640 S ee @ S 55 5 50.00 55 00 Inventory Balance $ 8,000 00 50.00- 55.00- S 35,200.00 35,200.00