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Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Carrington Corporation. (Click the icon to view the data.)

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Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Carrington Corporation. (Click the icon to view the data.) Data Table The cost of ending inventory is $ Quantity 110 S Unit Cost 7.00 $ 8.00 $ 0 Total 770 1.120 140 $ Beginning inventory Purchases Goods available for sale Ending inventory 250 Cost of goods sold Print Done Enter any number in the edit fields and then click CHECK Answer 56-8 (Similiar to) Using the LIFO method, calculate the cost of ending inventory and cost of goods sold for Cale Corporation. (Click the icon to view the data.) 0 Data Table The cost of ending inventory is $ Quantity 90 $ Unit Cost 4.00 $ 7.00 $ Total 360 1,260 180 $ Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Print print Done done Enter any number in the edit fields and then click CHECK

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