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Quiz Company uses the perpetual method. Use the following information to calculate total COGS and ending inventory using each of the cost flow methods. Date

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Quiz Company uses the perpetual method. Use the following information to calculate total COGS and ending inventory using each of the cost flow methods. Date Units Cost Total Beg. Inv. 1-May 16 X $2.00 $32.00 Purchase 8-May 24 $2.50 $ 60.00 Sale 20-May34 X $5.00 $170.00 Purchase 25-May 36 $3.00 $108.00 Sale 28-May 30 $5.00 $150.00 What is the value of ending inventory if the LIFO method is used? O $34.80 $35.50 $24 $36 $30 None of the above

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