INVENTORY ITEM 621AB UNITS DATE COST Beginning Inventory $6 $7 Jan 1 120 Purchase 200 Jan 7 Sale Jan 10 250 Purchase $8 Jan 15 300 Jan 17 Purchase $9 200 Sale 325 Jan 20 Sale Jan 25 100 Jan 28 Purchase $10 175 Smith Corporation uses a perpetual inventory system. Determine the costs assigned to Cost of Goods Sold and Ending Inventory using both FIFO and LIFO methods. DATE ITEM RED16 UNITS COST Beginning Inventory $10 Jan 1 100 Jan 7 Sale 90 Purchase 250 $15 Jan 8 Jan 10 Sale 140 $20 Jan 13 Purchase 400 Jan 20 Sale 300 Jan 31 Purchase $25 600 Ronald Corporation uses a perpetual inventory system. Determine the costs assigned to Cost of Goods Sold and Ending Inventory using both FlFO and LIFO methods LETE ITEM TANGO123 UNITS COST DATE $6 Beginning Inventory Sale 170 Jan 1 75 Jan 10 Purchase $7 Mar 7 150 Sale Mar 15 140 $8 July 28 Purchase 350 Purchase $9 Oct 3 380 Sale Oct 5 475 Purchase $10 Dec 19 80 Northridge Company uses a perpetual inventory system. Determine the costs assigned to Cost of Goods Sold and Ending Inventory using both FIFO and LIFO methods