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Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO June 1 12 23 30 Inventory

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Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO

June 1 12 23 30 Inventory Purchase Purchase Inventory Units 300 450 750 180 Unit Cost $5 6 8 Total Cost $1,500 2,700 6,000 Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) L IFO. FIFO LIFO Ending inventory

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