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Lucky Lulu had 2,000 units on hand at December 31st. In addition it has the following inventory information: Units Cost per unit Total Value Beginning

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Lucky Lulu had 2,000 units on hand at December 31st. In addition it has the following inventory information: Units Cost per unit Total Value Beginning Inventory June 1 purchase September 5 purchase 1,000 $1.00 $1,000 5,000 4000 $1.30 $5,200 $1.25 $6,250 Total 10,000 Determine the cost (value) of ending inventory under LIFO and FIFO methods. Please show your work. FIFO ending inventory MacBook Air

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