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IMG_0422.HEIC + A Q Search - C-GUMAIZA Chapter 6 Homework Cornerstone Exercise 6-31 (Algorithmic) Inventory Costing Methods: Periodic LIFO (Appendix 6B) Bordeaux Company has the following information related to purchases and sales of one of its inventory items: Date Description Units Purchased at Cost Units Sold at Retail June 1 Beginning Inventory 150 units @ $11 = $1,650 9 Purchase 1 200 units @ $12 = $2,400 14 Sale 1 300 units @ $25 22 Purchase 2 250 units @ $14 = $3,500 29 Sale 2 225 units @ $25 Assume that Bordeaux uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method. Cost of goods sold Cost of ending inventory $ X Previous Next > Check My Work 3 more Check My Work uses remaining your Assignment Score: 70.21% Email Instructor Save and Exit Submit Assignment for Grading vill expire O) 201 2 4 W ... MacBook Air DD DII DD F11 F12 F9 F10 F5 F6 F7 F8 8 9