Questions 4 and 5 use the following facts. Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. The company uses the periodic inventory system.

If Leading Edge uses the FIFO method, the cost of the ending inventory will be

Questions 4 and 5 use the following facts. Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. The company uses the periodic inventory system. Inventory and purchases data for April follow. If Leading Edge uses the FIFO method, the cost of the ending inventory will be $15,300 $10,600 $15,600