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Scentsational, Inc. sells decorative candles for $22 each. It uses a perpetual inventory system and had the following information for January: Date Units Unit Cost

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Scentsational, Inc. sells decorative candles for $22 each. It uses a perpetual inventory system and had the following information for January: Date Units Unit Cost Beginning Inventory Balance 20 $ 10 Jan 5 Purchased 45 12 Jan. 10 Sold 50 Jan. 15 Purchased 60 13 Jan. 25 Sold 65 What is the cost of goods sold if inventory is calculated using the LIFO method? What is the ending inventory balance if inventory is calculated using the LIFO method? What is the cost of goods sold if inventory is calculated using the FIFO method? What is the ending Inventory balance if inventory is calculated using the FIFO method? What is the cost of goods sold if inventory is calculated using the weighted average method? What is the ending inventory balance if Inventory is calculated using the weighted average method

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