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Question 6 2 pts Green Company has beginning inventory of 16 units at a cost of $12.00 each on May 1. On May 5,
Question 6 2 pts Green Company has beginning inventory of 16 units at a cost of $12.00 each on May 1. On May 5, it purchases 16 units at $14.00 per unit. On May 12 it purchases 25 units at $16.00 per unit. On May 15, it sells 37 units for $32 each. Using the FIFO perpetual inventory method, what is the value of the inventory on May 15 after the sale? Question 7 3 pts Pink Company has beginning inventory of 24 units at a cost of $13.00 each on May 1. On June 5, it purchases 12 units at $14.00 per unit. On June 12 it purchases 16 units at $17.00 per unit. On June 15, it sells 39 units for $32 each. Using the LIFO perpetual inventory method, what is the value of the inventory on June 15 after the sale?
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