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Part A. Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for Keurig coffee machines are as follows: June Inventory 50 units at
Part A. Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for Keurig coffee machines are as follows: June Inventory 50 units at $10 1 6 Sale 20 units 14 Purchase 90 units at $11 19 Sale 60 units 25 30 Purchase 40 units at $13 Sale 50 units The business maintains a perpetual inventory system, costing by the first-in, first-out method. Using the chart below, determine the cost of ending inventory. Date Purchases Unit Cost Total Unit Sales (Cost of goods) Cost Inventory Total Unit Cost Total 1-Jun 6-Jun 14-Jun 19-Jun 25-Jun 30-Jun Cost of ending inventory = Part B. Periodic Inventory Using FIFO, LIFO, and Average Cost Using the inventory transcations listed above, calculate the cost of ending inventory under each of the following inventory valuation methods. Periodic FIFO Periodic LIFO Periodic Average Cost
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