nces Mailings Review View Help Tell me what you want to do ONLINE LECTURE 6 30 2020 Case 1. GDK 6 30 2020 BACC 205 The Majid record of transactions for the month of September was as follows: Required: Assuming that periodic inventory records are kept, compute the ending inventory the following inventory methods a) FIFO b) LIFO C) Average cost method (for your answers use the tables below). 1. Answer FIFO Sales - Cost of Goods Sold Ending Inventory Unit cost Units Amou nt AED 100 120 1 Inventory 1 Purchases 7 Purchases 9 Purchases 29 Cost of goods available for sale Sales Ending inventory 100 60 50 40 250 200 100 2 3 4 150 160 530 1