Inventory Costing: LIFO Bordeaux Company has the following information related to purchases and sales of one of its inventory i Date Description Units Purchased at Cost Units Sold at Retail 150 units @ $9 = $1,350 200 units @ $12 = $2,400 June 1 Beginning Inventory 9 Purchase 1 14 Sale 1 22 29 Sale 2 Purchase 2 250 units @ $14 = $3,500 Assume that Bordeaux uses a perpetual inventory system. 300 units @ $25 225 units @ $25

Bordeaux Company has the following information related to purchases and sales of one of its inventory Bordeaux Company has the following information related to purchases and sales of one of its inventory iterns: Assume that Bordeaux uses a perpetual inventory system. Required: Caiculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method