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Inventory information for Part 311 of Windsor Corp. discloses the following information for the month of June. June 1 Balance 310 units @ $10 June
Inventory information for Part 311 of Windsor Corp. discloses the following information for the month of June. June 1 Balance 310 units @ $10 June 10 Sold 210 units @ $24 11 Purchased 780 units @ $11 15 Sold 470 units @ $25 20 Purchased 470 units @ $13 27 Sold 270 units @ $27 (a) 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 (2) FIFO Cost of Goods Sold $ $ Ending Inventory $ $
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