Question: Hello - Can someone please help me find the number of units sold and number of units in ending inventory for both tables? As well
Hello - Can someone please help me find the number of units sold and number of units in ending inventory for both tables? As well as the calculations?
Thank you.


Sales during the year were 650 units. Beginning inventory was 500 units at a cost of $5 per unit. Purchase 1 was 250 units at $6 per unit. Purchase 2 was 150 units at $7 per unit. Required: a. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using FIFO method. b. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method. Complete this question by entering your answers in the tabs below. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method. Note: Enter all values as a positive value. Sales during the year were 650 units. Beginning inventory was 500 units at a cost of $5 per unit. Purchase 1 was 250 units at $6 per unit. Purchase 2 was 150 units at $7 per unit. Required: a. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using FIFO method. b. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method. Complete this question by entering your answers in the tabs below. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using FIFO method. Note: Enter all values as a positive value
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