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Wildhorse Company uses the perpetual inventory system and had the following purchases and sales during March. table [ [ , , Purchases,,Sales ] ,
Wildhorse Company uses the perpetual inventory system and had the following purchases and sales during March.
tablePurchases,,SalesUnits,Unit Cost,Units,Selling PriceUnitBeginning inventory,$Purchase,$Sales,,,$Purchase,$Sales,,,$Purchase,$Sales,,,$
Using the inventory and sales data above, calculate the value assigned to cost of goods sold in March and to the ending inventory at March using FIFO and LIFO.
FIFO
LIFO
Cost of goods sold
$
$
Ending inventory
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