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Current Attempt in Progress The following is a record of Marigold Company's transactions for Boston Teapots for the month of May 2020. May 1 12
Current Attempt in Progress The following is a record of Marigold Company's transactions for Boston Teapots for the month of May 2020. May 1 12 Balance Purchase Purchase 416 units @ $22.00 624 units @ $23.00 416 units @ $32.00 May 10 20 Sale Sale 312 units @ $41.00 562 units @ $41.00 28 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 582 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory $
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