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please solve the wrong one ASAP Inventory Costing Methods The Lippert Company uses the periodic inventory system. The following July data are for an item
please solve the wrong one ASAP
Inventory Costing Methods The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory July 1 Beginning inventory 30 units 58 per unit. 10 Purchased 50 units 59 per unit 15 Sold 60 units 26 Purchased 25 units $10 per unit. Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the welghted-average cost methods, Round your final answers to the nearest dollar. Cost of goods sold Ending inventory a. FIFO $ 510$ 430 b. LIFO 5 565 $ 375 c Weighted averages 5375 447.8 x Check Step by Step Solution
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