Question: FINANCIAL ACCOUNTING Page 5 SECTION 4 (20 points) Using the following information, calculate the Ending Inventory and the Cost of Goods Sold under each of

FINANCIAL ACCOUNTING Page 5 SECTION 4 (20 points) Using the following information, calculate the Ending Inventory and the Cost of Goods Sold under each of the following methods. Beginning inventory 10 units @ $10 Sales Schedule Jan 5 12 units Jan 17 12 units Jan 25 4 units Purchase Schedule Jan 3 5 units @ 11 Jan 15 10 units @ 12 Jan 20 5 units @ 13 A) FIFO Perpetual B) LIFO Perpetual

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