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During June, the following changes in inventory item 27 took place: June 1 Balance 1420 units @ $38 8 Sold 390 units @ $70 10
During June, the following changes in inventory item 27 took place:
June 1 | Balance | 1420 units | @ $38 | |||
8 | Sold | 390 units | @ $70 | |||
10 | Sold | 1030 units | @ $63 | |||
14 | Purchased | 830 units | @ $54 | |||
24 | Purchased | 700 units | @ $45 | |||
29 | Sold | 510 units | @ $68 |
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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