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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 $ 2.00 $32.00 Purchase 8-May24 X $2.50 $ 60.00 = 20-May34 Sale $5.00 $170.00 X $3.00 $108.00 Purchase 25-May36 Sale 28-May 30 $150.00 X $5.00 How much is COGS for May if the LIFO method is used? O $170 $176 $210 O $164.50 O $165.20 $164

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