Question: 1.Assuming that the periodic method is used, compute the cost of goods sold and ending inventory under FIFO, LIFO, average-cost 2. Assuming that the perpetual

1.Assuming that the periodic method is used, compute the cost of goods sold and ending inventory under FIFO, LIFO, average-cost

2. Assuming that the perpetual inventory is used, compute the cost of goods sold and ending inventory under FIFO, LFO and average -cost

Date Jan-20 Feb-20 Feb-20 Apr-20 Nov-20 Transaction Beginning inventory Purchase Sale Purchase Sale Quantity Price/Cost 800 20 2,000 14.8 2.400 30 3.200 12 2,200 25

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