Question: 2. Answer LIFO Ending Inventory Unit cost Sales - Cost of Goods Sold Amo Unit unt cost Amount AED AED Units Units Units Unit cost

2. Answer LIFO Ending Inventory Unit cost Sales - Cost of Goods Sold Amo Unit unt cost Amount AED AED Units Units Units Unit cost Amount AED 1 2 Inventory 1 Purchases 7 Purchases 9 Purchases 29 Cost of goods available for sale Sales Ending inventory 100 60 50 40 250 200 100 100 120 150 160 530 4 3. Answer Average Cost Cost of goods available / units available = 530 / 250 = per unit Sales Ending inventory = W IL e

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