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Unit Cost Units $5 June 1 12 Inventory Purchase Purchase Inventory 290 400 300 Total Cost $ 1,450 2,400 2,100 6 23 7 30 130

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Unit Cost Units $5 June 1 12 Inventory Purchase Purchase Inventory 290 400 300 Total Cost $ 1,450 2,400 2,100 6 23 7 30 130 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. FIFO LIFO Cost of the ending inventory $ $ $ Cost of goods sold $ $

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