Question $1$ of $5$

$-12$

Current Attempt in Progress

Inventory information for Part $311$ of Blossom Corp. discloses the following information for the month of June.

$\backslash$table$[[$June $1,$Balance,$302$ units @ $$17,$June $10,$Sold,$200$ units @ $$40],[11,$Purchased,$795$ units @ $$20,15,$Sold,$496$ units @ $$42],[20,$Purchased,$498$ units @ $$22,27,$Sold,$299$ units @ $$45]]$

$($a$)$

Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under $(1)$ LIFO and $(2)$ FIFO.

eTextbook and Media

Assistance Used

$47F$

Cloudy

Search