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TOTALS BeeLEASE ANSWERIN BOOKLET (16 points) MUST SHOW WORK FOR CREDIT FIFO and LIFO posledic Inventory methods. The Custom Shop shows the following data related

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TOTALS BeeLEASE ANSWERIN BOOKLET (16 points) MUST SHOW WORK FOR CREDIT FIFO and LIFO posledic Inventory methods. The Custom Shop shows the following data related to an item of inventory: Beginning Inventory, January 29 units $20 Purchase January units $24 Purchase ay 19 600 unit $25 Inding Inventory, January 31 300 units atroci What should be assigned to the ending inventory and the cost of goods sold using the FIFO method? line inventory and the cost of goods sold using the LIFO method? lehted average method

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