Question: Determine the ending inventory value for PepsiCo, Inc. using the LIFO method. Item Units Cost per Unit ($) Beginning Inventory 100 10 Purchases: - First

Determine the ending inventory value for PepsiCo, Inc. using the LIFO method.

Item

Units

Cost per Unit ($)

Beginning Inventory

100

10

Purchases:



- First Purchase

200

11

- Second Purchase

300

14

Units Sold

450


Question:

Using the given data, calculate the ending inventory value for PepsiCo, Inc. using the LIFO method. Show your calculations and explain the impact of using the LIFO method on the cost of goods sold and net income.

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