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Ex. 11 b Using a Periodic Inventory System and LIFO calculate the Ending Inventory and Cost of Goods sold Date 1-Mar 7-Mar 8-Mar Units Price

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Ex. 11 b Using a Periodic Inventory System and LIFO calculate the Ending Inventory and Cost of Goods sold Date 1-Mar 7-Mar 8-Mar Units Price 900 $ 8.00 800 9.00 1,200 1,000 10.00 11.00 900 200 Beginning Inventory Purchase Sale Purchase Purchase Sale Sale Purchase 18-Mar 19-Mar 700 20-Mar 28-Mar 30-Mar 600 12.00

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