Question: Can you solve this for me and include instructions on how to do each part? Inventory Costing Methods-Periodic Method The Lippert Company uses the periodic

 Can you solve this for me and include instructions on how

Can you solve this for me and include instructions on how to do each part?

to do each part? Inventory Costing Methods-Periodic Method The Lippert Company uses

Inventory Costing Methods-Periodic Method The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory: July 1 Beginning inventory |40 units @ per unit 10 Purchased 60 units @ $10 per unit 15 Sold 70 units @ 26 Purchased 35 units @ $11 per unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory $ Cost of Goods Sold: $ B. Last-in, first-out: Ending Inventory $ Cost of Goods Sold: $ C. Weighted-average cost: Ending Inventory $ Cost of Goods Sold $

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