QUESTION 2 : LIFO METHOD Company Sold 420. Units [1] Calculate the total units and total cost of goods available for sale Units Total Date Beginning 5/2 6/10 7/8 8/15 Total Cost of Goods Available for sale 200 100 50 80 90 Unit Cost $ 2.60 3.00 3.50 4.00 4.20 1 [2] Calculate the Ending Inventory Date Units Unit Cost Total [3] Calculate Cost of Goods Sold Cost of goods available for sale minus ending inventory