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Rivera Company produces cases of bottled water. They had the following transaction during the month of September. No. of Units Unit Cost September 1 Beginning

Rivera Company produces cases of bottled water. They had the following transaction during the month of September.

No. of Units Unit Cost

September 1 Beginning Balance. 750 2.5

7 Purchase 250 2.25

13 Sale 400

14 Sale 375

19 Purchase 300 3.25

21 Purchase 200 2.75

26. Sale 300

Using the inventory graphic below, determine the ending inventory value under each the FIFO and LIFO methods of

inventory accounting.

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