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Riyadh Company had 20 units at the beginning of February, with a unit cost of 80 SR. The Riyadh Company's Controller has provided you with

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Riyadh Company had 20 units at the beginning of February, with a unit cost of 80 SR. The Riyadh Company's Controller has provided you with the following information for the month ended February 28, 2020. (The Company uses the periodic method for inventory) Date Description Unit Cost or Selling Price in SR Quantity (units) 30.00 Feb 4 Purchase 86 Feb 10 Sale 20.00 140 Feb 18 Purchase 65.00 92 Feb 25 Sale 40.00 152 Feb 28 Purchase 50.00 100 Required: As an accountant, Compute the cost of goods available for sale, ending inventory and cost of goods sold for Riyadh Company using the LIFO inventory method. (Round the per-unit cost to two decimal places.) Justify your answer with suitable calculations. P Ti 22 2 A- I B

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