Use the last in, first out method to find the cost of goods sold and the cost of ending inventory using the table from Exercise 1 and the fact that the ending inventory is 200 units In Exercise 1 Units Cost per Total Beginning inventory 182 78 39 52 Cost of goods available for sale Date of purchase...

Number of units sold 351 200 151 52 un ...

Use the last-in, first-out method to find the cost of goods sold and the cost of ending

Question:

Use the last-in, first-out method to find the cost of goods sold and the cost of using the table from Exercise 1 and the fact that the is 200 units.
In Exercise 1

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...