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Luthen Rael Imports uses a periodic inventory system. FIFO April 1 inventory April 15 purchase April 19 sale On 12/1 250 400 600 350 150

Luthen Rael Imports uses a periodic inventory system. FIFO April 1 inventory April 15 purchase April 19 sale On 12/1 250 400 600 350 150 Calculate the Balance Sheet value for inventory under the following conditions: (4 points each) LIFO April 23 purchase April 25 sale Units Average Cost Unit Cost $12 13 Sale Price 14 20 22

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