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The following is a record of Pina Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 484 units$19May 10 Sale
The following is a record of Pina Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 484 units$19May 10 Sale 363 units@$37 12 Purchase 726 units $27 20 Sale 653 units $37 28 Purchase 484 units$30 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 678 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? FIFO LIFO Ending Inventory s Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventory using (1) FIFO and (2) LIFO. FIFO LIFO Ending Inventory s
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