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Date Transaction Units Cost/Unit Total Cost 8 9 Jan, 1 Beg Inventory 150 Jan, 3 Purchase 40 Jan, 12 Purchase 55 Jan, 22 Purchase 120

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Date Transaction Units Cost/Unit Total Cost 8 9 Jan, 1 Beg Inventory 150 Jan, 3 Purchase 40 Jan, 12 Purchase 55 Jan, 22 Purchase 120 Jan, 28 Purchase 85 Total 450 10 11 12 Under Periodic System, XYZ company find that their Ending Inventory = 193 Units. Help Them to Calculate the COGS & Ending Inventory Using: 1. FIFO 2. LIFO 3. W.A THEN, calculate Inventory Turnover Ratio

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