oriole lighting had a beginning inventory of 14 units at a cost of $7 per unit on August 1. During the month, the following purchases and sales were made. oriole uses a periodic inventory system. determine ending inventory and cost of goods sold under: 1 FIFO and 2. LIFO

Oriole Lighting had a beginning inventory of 14 units at a cost of $7 per unit on August 1. During the month, the following purchases and sales were made. Oriole uses a periodic inventory system. Determine ending inventory and cost of goods sold under: 1. FIFO and 2. LIFO