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Q1. Company Y has the following inventory data: a) August 1- Beginning inventory 20 units at $10 b) August 8 -Purchases 130 units at $15

Q1. Company Y has the following inventory data:

a) August 1- Beginning inventory 20 units at $10

b) August 8 -Purchases 130 units at $15

c) August 17- Sale 80 units

d) August 25 -Purchases 30 units at $20

e) August 30 -Sale 60 units

Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the FIFO and LIFO method for August?

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