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Cost ending inventory for item 27 under the fifo and lifo method During June, the following changes in inventory item 27 took place: June 1

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Cost ending inventory for item 27 under the fifo and lifo method

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During June, the following changes in inventory item 27 took place: June 1 Balance 1,340 units @ $37 8 Sold 340 units @ $75 10 Sold 1,000 units @ $60 14 Purchased 800 units @ $52 24 Purchased 630 units @ $44 29 Sold 540 units @ $65

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