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During June, the following changes in inventory item 27 took place: June 1 14 24 8 10 29 Balance Purchased Purchased Sold Sold Sold 1,400
During June, the following changes in inventory item 27 took place: June 1 14 24 8 10 29 Balance Purchased Purchased Sold Sold Sold 1,400 units @ $36 800 units @ $54 700 units @ $45 400 units @ $75 1,000 units @ $60 500 units @ $66 Perpetual inventories are maintained. What is the cost of the ending inventory for item 27 under the FIFO method? Cost of the ending inventory What is the cost of the ending inventory for item 27 under the LIFO method? Cost of the ending inventory
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