Question: Given the following data, fill in the table below using the three cost flow assumptions given. That is, indicate the COST of ending inventory that
Given the following data, fill in the table below using the three cost flow assumptions given. That is, indicate the COST of ending inventory that will appear on the Balance Sheet and the COST of goods sold that will appear on Income Statement, using the three coast flow assumptions given

Cost per Total Date Units unit Cost 1/L beginning inventory 40 $10 $400 HL purchase of inventory 20 $20 $400 1/15 - purchase of Inventory 20 $22 $440 Available of sale 80 $1,240 Ending Inventory 20 FIFO LIFO Average Cost Cost of Ending Inventory Cost of Goods Sold
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