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Date During 2021, Arch Company sells 500 units of inventory for $100 each. The company has the following inventory transactions for 2021: Transaction Number of

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Date During 2021, Arch Company sells 500 units of inventory for $100 each. The company has the following inventory transactions for 2021: Transaction Number of Units Unit Cost January Beginning Inventory 75 $ 80 May 5 Purchase 210 $ 82 November 3 Purchase $ 85 Using the LIFO inventory costing method determine the following at year end. Clearly label and show calculations for full credit! No calculations - No credit. 240 A) Value of Ending Inventory B) Cost of Goods Sold C) Gross Profit D) Value of Ending Inventory E) Cost of Goods Sold

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