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Dali Company uses the perpetual inventory system and had the following purchases and sales during March Purchases Sales Date Transaction Units Unit Cost Units Selling
Dali Company uses the perpetual inventory system and had the following purchases and sales during March Purchases Sales Date Transaction Units Unit Cost Units Selling Price/Unit 3/1 100 $40 60 $50 70 3/3 3/4 3/10 3/16 $80 Beginning Inventory Purchase Sales Purchase Sales Purchase Sales 200 $55 80 $90 3/19 40 $60 3/25 120 $90 "When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000. you should be typing 10,000 or 10,000.00 without any dollar sign. Using the inventory and sales data above, calculate the value assigned to cost of goods sold in March and to the ending inventory at March 31 using FIFO and LIFO. FIFO LIFO Cost of Goods Sold $ Ending Inventory $ $
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