References Knowledge Check 01 Assume that we use a perpetual Inventory system and that five identical units are purchased at the following dates and costs: April 5 April 10 $ 12 April 15 $ 14 April 20 $ 16 April 22 $ 17 $ 10 One unit is sold on April 25. The company uses the first-n, first-out (FIFO) Inventory costing method. Identify the cost of the ending Inventory on the balance sheet. Cost of the ending inventory Ask Print References Knowledge Check 01 Assume that we use a perpetual Inventory system and that five Identical units are purchased at the following dates and costs: April 5 $ 10 April 10 $ 12 April 15 $ 14 April 20 $ 16 April 22 $ 17 One unit is sold on April 25. The company uses the last-in, first-out (LIFO) Inventory costing method. Identify the cost of the ending Inventory on the balance sheet. Cost of the ending inventory