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Just Number 2 QUESTION 1 Use the following information to answer questions 1 thru 3. Sep. 1 Inventory 20 units @ $20 Sep. 4 Sold

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QUESTION 1 Use the following information to answer questions 1 thru 3. Sep. 1 Inventory 20 units @ $20 Sep. 4 Sold 10 units Sep. 10 Purchased 30 units @ $25 Sep. 17 Sold 20 units Sep. 30 Purchased 10 units @ $30 What is the cost of ending inventory using the FIFO method? O $400 O $650 $725 $800 QUESTION 2 Ending inventory using the LIFO method would be. $400 $650 $725 $800

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