part 1

part 2

A company reports the following beginning inventory and two purchases for the month of January. On January 26 , the company sells 350 units. Ending inventory at January 31 totals 150 units. Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on he FIFO method, A company reports the following beginning inventory and two purchases for the month of January. On January 26 , the company sells 350 units. Ending inventory at January 31 totals 150 units. isume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based or e LIFO method