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The following data is provided for XYZ Company: Beginning Inventory 200 units @ 10 $ 2,000 Purchase 350 units @ 15 5,250 Purchase 450 units
The following data is provided for XYZ Company: Beginning Inventory 200 units @ 10 $ 2,000 Purchase 350 units @ 15 5,250 Purchase 450 units @ 20 9,000 Purchase 700 units @ 25 17,500 Ending units in inventory are 1,250. What is the cost of ending inventory under (1) FIFO and (2) LIFO? (1) ____________ (2) _____________
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