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Question 5 Fonda Company has the following inventory data. The company uses a periodic inventorystem Oct 1 3 Units Beginning Inventory 30 Purchase 180 Sold

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Question 5 Fonda Company has the following inventory data. The company uses a periodic inventorystem Oct 1 3 Units Beginning Inventory 30 Purchase 180 Sold 165 5 $ per Unit Extended s $132 $3.960 $129 $23.220 $350 $57.750 $119 $24.990 $350 $68.250 10 Purchase 210 25 Sold 195 REQUIRED: a) Under LIFO, calculate: i) Cost of Goods Sold ii) Ending Inventory b) Under Weighted Average, calculate: i) Cost of Goods Sold i) Ending Inventory

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