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Pershing Corp, has the following inventory information available for the month of December Number of Units Costper unit Date December 1 Beginning Inventory December 10
Pershing Corp, has the following inventory information available for the month of December Number of Units Costper unit Date December 1 Beginning Inventory December 10 Purchases December 20 Purchases 30 40 80 S8 $12 $16 The company sold 125 units in December. Required: Using the above information, fi in the chart below with the amounts that should be reported for total cost of goods sold for December and the cost of ending nventory at Dec 31 under both the LIFO and FiFO cost flow assumptions. Do aat include commas or a decimal point in the answers Cost of Goods Sold Cost of Ending Inventory
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