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The following data are available for one of the products sold by Green Company, which uses a perpetual inventory system. Oct. 1 Beginning inventory, 800

The following data are available for one of the products sold by Green Company, which uses a perpetual inventory system.

Oct.

1

Beginning inventory, 800 units at $2 each

5

Purchased 2,000 units at $2.50 each

10

Sold 2,500 units at $5 each

15

Purchased 1,700 units at $3 each

25

Sold 1,500 units at $6 each

Calculate the total dollar amount of cost of goods sold and total dollar amount of ending inventory for October assuming FIFO is used.

Calculate total dollar amount of cost of goods sold and total dollar amount of ending inventory for October assuming LIFO is used.

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