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You Questions 38, 39, 40, and 41 refer to the following data of Der Torossian Enterprises: Purchase dates: Units: Cost per Unit: Extended Totals: Beginning
You Questions 38, 39, 40, and 41 refer to the following data of Der Torossian Enterprises: Purchase dates: Units: Cost per Unit: Extended Totals: Beginning Inventory 1,500 $2.00 $3,000 March 24, 2020 2,700 $2.50 $6,750 April 23, 2020 1,000 $2.75 $2,750 May 12, 2020 1,240 $3.00 $3,720 June 22, 2020 2,000 $3.10 $6,200 A physical count of inventory as of June 30th, the end of Der Torossian Enterprises FYE, shows 3,300 units on hand. 38) What is Ending Inventory at June 30, 2020 under FIFO 39) What is Ending Inventory at June 30, 2020 under LIFO 40) What is COGS through June 30, 2020 under FIFO 41) What is COGS through June 30, 2020 under LIFO
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