Pete's Red Apple Grocery Store has a beginning inventory of 12 boxes of stuffing at a cost of $0.65 each on November 1. During the month, the store purchased 20 boxes at $0.75, 25 boxes at $0.85 each, 25 boxes at $1.05 each, and 15 boxes at $1.20 each. By the end of the month, there were 18 boxes remaining.

Calculate the cost of Ending Inventory and Cost of Goods Sold under FIFO and LIFO.

FIFO Ending Inventory $ ___________

FIFO Cost of Goods Sold $ ___________

LIFO Ending Inventory $ ___________

LIFO Cost of Goods Sold $ ___________

Problem 5 FIFO Ending Inventory. FIFO Cost of Goods Sold LIFO Ending Inventory. LIFO Cost of Goods Sold Show your work below