Question: Class I (BGCS) has a December 31 BG Computer Supply (BGCS) has a and reports inventory on a LIFO basis. As of December 31, 2012,

 Class I (BGCS) has a December 31 BG Computer Supply (BGCS)

Class I (BGCS) has a December 31 BG Computer Supply (BGCS) has a and reports inventory on a LIFO basis. As of December 31, 2012, BGCS fiscal year-end. The company tracks inventory on a FIFO basis inventory diber 31, 2012, BGCS had 300 units in inventory. The 2012 Inventory at FIFO Less: LIFO Reserve Inventory at LIFO $24,000 During 2013, BGCS had the followingurh O $ 18,000 Purchases Table Units Value nTotal $31,500 Purchase 1-2/1/13 Purchase 2-6/11/13 Purchase 3-9/12713900 350 590.00 $100.00 $105.00 $90,000 1,200 $126,000 450 | SI0.00 Purchase 4-12/14/13 S49.500 A physical count on December 31, 2013 indicated that BGCS had 500 units in ending in information, calculate the following amounts for Based on this fiscal year 2013: FIFO Amounts Fiscal Year 2013 Sales (in units): Goods Available for Sale (units): FIFO Ending Inventory (S): Goods Available for Sale (S) FIFO Cost of Goods Sold (S) LIFO Amounts Fiscal Year 2013 Sales (in units): Goods Available for Sale (units): Goods Available for Sale (S): LIFO Cont of Goods Sald S: LIFO Ending Inventory (S): LIFO Reserve at 12/31/13 Inventory Profit at 12/31/13:_

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