Question
Ford Enterprises shows the following data regarding beginning inventory and purchases: Purchase dates: Units: Cost per unit: Extended Totals: Beginning Inventory 1,500 $2.00 $3,000 March
Ford Enterprises shows the following data regarding beginning inventory and purchases: Purchase dates: Units: Cost per unit: Extended Totals: Beginning Inventory 1,500 $2.00 $3,000 March 24, 2019 2,700 $2.50 $6,750 May 31, 2019 1,200 $2.70 $3,240 A physical count of inventory at June 30th shows that there were 1,700 units on hand What is ending inventory at June 30, 2019 under LIFO $____________________ What is COGS through June 30, 2019 under LIFO $____________________ What is ending inventory at June 30, 2019 under FIFO $____________________ What is ending inventory at June 30, 2019 under FIFO $____________________
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