Question: 24 Required information The following information applies to the questions displayed below. Suppose that David adopted the last-in, first-out (LIFOj inventory-flow method for his business
24 Required information The following information applies to the questions displayed below. Suppose that David adopted the last-in, first-out (LIFOj inventory-flow method for his business inventory of widgets Part 1 of 4 purchase prices below #1 August 15 2,100 $100 $2,200 #2 oetober 30 2.20 150 2.350 43 Novenber 10 2,300 100 2,400 In late December, Devid sold widget 2 and next year David expects to purchase three more widgets at the following estimated prices #4 tarly spe izq S2.600 a What cost of goods sold and ending inventory would David record if he elects to use the LIFO method this year? O Answer is complete but not entirely correct. Cost of
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