*Ending inventory for Pug Inc at the end of Q1, 2019

*Calculate the ending inventory if Pug Inc uses FIFO Perpetual instead:

* Pug uses LIFO perpetual.What is the amount of LIFO reserves that Pug needs to declare on its financial statement for Q1 2019?

The inventory purchase transactions and sales transactions for Pug Inc. for Q1, 2019 is as follows: Transaction ID Date of Transaction type No. Units Unit price Transaction Price 2019 Sale 1 1 /3/2019 Sale 175 $80 $14000 2019 Purchase 1 2/15/2019 Purchase 200 $55 $11000 2019 Sale 2 3 /3/2019 Sale 150 $85 $12750 Pug Inc began the quarter with the following inventory: Batch 1 - 200 units bought at $50 each on Nov 15th 2018 Batch 2 - 150 units bought at $48 each on Dec 20th 2018 Assuming that Pug Inc. uses LIFO perpetual, calculate the following: COGS for Sale 1 TTT Arial - 3 (12pt) - T - - E-ES Path:p QUESTION 21 COGS for Sale 2