Question: Data for Houston Electronics' Astro condensers. Calculate the value for Cost of goods sold and Ending inventory according FIFO, and LIFO methods. Huston Electronics Astrol

Data for Houston Electronics' Astro condensers. Calculate the value for Cost of goods sold and Ending inventory according FIFO, and LIFO methods.

Huston Electronics

Astrol Condenser

Date Explanation Units Units Cost Total Cost

Jan. 1 beginning inventory 100 $10 $1000

April, 15 Purchase 200 11 2200

Aug 24 Purchase 300 12 3600

Nov 27 Purchase 400 13 5200

Total Unit Available for Sale 1000 $12000

Unit in ending inventory 450

Unit sold 550

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