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January 1 inventory April 1 June 1 November 1 Number purchased 40 60 50 55 Cost per unit $ 4 7 8 9 Total $
January 1 inventory April 1 June 1 November 1 Number purchased 40 60 50 55 Cost per unit $ 4 7 8 9 Total $ 160 420 400 495 $ 1,475 205 a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 61 units). Cost of ending inventory This is a numeric cell, so please enter numbers only. b. Calculate the cost of goods sold using the LIFO (ending inventory shows 61 units). Cost of goods sold
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