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Given the following information: Jan. 1 Beginning inventory 750 Units @$9.00 Apr. 10 Purchase 600 units @ $9.50 Aug. 13 Purchased 850 units @ $10.00

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Given the following information: Jan. 1 Beginning inventory 750 Units @$9.00 Apr. 10 Purchase 600 units @ $9.50 Aug. 13 Purchased 850 units @ $10.00 Oct. 25 Purchased 400 Units @ $10.25 Total Cost Total Cost $ 6,750.00 $ 5,700.00 $ 8,500.00 $ 4,100.00 $ 25,050.00 At December 31, the ending inventory consisted of 910 units 1 Calculate Cost of Goods Sold under FIFO 2 Calculate Cost of Goods Sold under LIFO

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