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The following is a record of Bonita Company's transactions for Boston Teapots for the month of May 2020. May 1 12 28 Balance Purchase Purchase
The following is a record of Bonita Company's transactions for Boston Teapots for the month of May 2020. May 1 12 28 Balance Purchase Purchase 436 units @ $22.00 May 10 654 units @ $24.00 20 436 units @ $29.00 Sale Sale 327 units @ 589 units @ $36.00 $36.00 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 610 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (2) LIFO FIFO Ending Inventory $ $ e Textbook and Media Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventory using (1) FIFO and (2) LIFO. (1) FIFO (2) LIFO Ending Inventory $ $ e Textbook and Media
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