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Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June. June 1 Balance 300 units @ $12
Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June.
June 1 Balance 300 units @ $12
June 10 Sold 196 units @ $29
June 11 Purchased 798 units @ $14
June 15 Sold 502 units @ $30
June 20 Purchased 498 units @ $16
June 27 Sold 303 units @ $33
Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under and.
Cost of Goods Sold (1) LIFO (2) FIFO
Ending Inventory (1) LIFO (2) FIFO
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