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Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Use this inventory schedule to answer the following questions Date Quantity Unit Cost

Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Use this inventory schedule to answer the following questions

Date

Quantity

Unit Cost

Sale Price

Beginning Inventory

March 1

30

$80

Purchase

March 5

35

$90

Sale

March 10

45

$160

Purchase

March 17

30

$95

Purchase

March 22

40

$98

Sale

March 26

45

$165

If the company uses Last-in, First-out (LIFO) to account for its inventory, what is the company's Cost of Goods Sold for the month?

If the company uses Last-in, First-out (LIFO) to account for its inventory, what is the company's Ending Inventory balance (in $) for the month?

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