Given the following: Number purchased Cost per unit Total January 1 inventory N 39 $ 5...

Transcribed Image Text:

Given the following: Number purchased Cost per unit Total January 1 inventory N 39 $ 5 $ 195 April 1 59 8 472 June 1 49 9 441 November 1 54 10 540 201 $ 1,648 a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 60 units). Cost of ending inventory b. Calculate the cost of goods sold using the LIFO (ending inventory shows 60 units). Cost of goods sold Given the following: Number purchased Cost per unit Total January 1 inventory N 39 $ 5 $ 195 April 1 59 8 472 June 1 49 9 441 November 1 54 10 540 201 $ 1,648 a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 60 units). Cost of ending inventory b. Calculate the cost of goods sold using the LIFO (ending inventory shows 60 units). Cost of goods sold