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Using the LIFO method, calculate the cost of ending inventory and cost of goods sold for Carrington Corporation. Quantity Unit Cost Total Beginning inventory 90
Using the LIFO method, calculate the cost of ending inventory and cost of goods sold for Carrington Corporation.
Quantity | Unit Cost | Total | |
Beginning inventory | 90 | $4.00 | $360 |
Purchases | 210 | $6.00 | $1,260 |
Goods available for sale | 300 | ||
Ending inventory | 80 | ||
Cost of goods sold | 220 |
The cost of ending inventory is $__________.
The cost of goods sold is $__________.
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