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Marigold Corporation began operations on December 1, 2024. The only inventory transaction in 2024 was the purchase of inventory on December 10, 2024, at a
Marigold Corporation began operations on December 1, 2024. The only inventory transaction in 2024 was the purchase of inventory on December 10, 2024, at a cost of $22 per unit. None of this inventory was sold in 2024. Relevant information is as follows. Ending inventory units December 31, 2024 December 31, 2025, by purchase date December 2, 2025 July 20, 2025 March 15 July 20 September 4 December 2 During the year, the following purchases and sales were made. Purchases 325 units at $26 325 units at 27 225 units at 30 125 125 units at 32 50 125 175 Sales April 10 August 20 The company uses the periodic inventory method. November 18 December 12 225 325 175 225
please add lifo and fifo methods too please
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