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Question 1 of 27 -/1 Current Attempt in Progress Sunland Lighting had a beginning inventory of 28 units at a cost of $7 per unit

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Question 1 of 27 -/1 Current Attempt in Progress Sunland Lighting had a beginning inventory of 28 units at a cost of $7 per unit on August 1. During the month, the following purchases and sales were made. Purchases August 5 33 units at $8 August 11 43 units at $9 August 23 38 units at $10 Sales August 2 23 units August 10 28 units August 19 58 units August 21 28 units Sunland uses a periodic inventory system Determine ending inventory and cost of goods sold under: 1. FIFO and 2 LIFO. FIFO LIFO 1 Ending inventory $ $ 2 Cost of goods sold $ $

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