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Three TV's are purchased by Costco during May, as shown below. TV's Units Cost May 3 Purchase 1 $135 May 10 Purchase 1 139 May

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Three TV's are purchased by Costco during May, as shown below. TV's Units Cost May 3 Purchase 1 $135 May 10 Purchase 1 139 May 19 Purchase 1 142 Total 3 $416 Assume that one TV is sold on May 23 for $150. Determine the following for May 31. 1. FIFO Ending Inventory 2. FIFO Cost of Goods Sold 3. FIFO Net Income 4. LIFO Ending Inventory 5. LIFO Cost of Goods Sold 6. LIFO Net Income

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