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Inventory information for Part 311 of Tamarisk Corp. discloses the following information for the month of June. June 1 Balance (a) 11 Purchased 20 Purchased
Inventory information for Part 311 of Tamarisk Corp. discloses the following information for the month of June. June 1 Balance (a) 11 Purchased 20 Purchased Cost of goods sold $ Ending inventory LA LA $ 302 units @ $15 796 units @ $18 eTextbook and Media 501 units @ $19 June 10 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) LIFO 15 27 SA $ $ Sold LA Sold Sold 200 units @ $35 499 units @ $37 301 units @ $40 (2) FIFO
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