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Calculate COGS, END AND GP FOR FIFO AND LIFO

Arliusted Trial Ralance 1 for Exam 1 Multinle Choire Problems: Written Problem \#1: Consider the following data set: On the 1st, Beginning Inventory has 7 units @ \$8 each; on the 10 th, 12 units were purchased at $9 each; on the 15 th, 15 units were sold at $20 each; on the 20 th, 10 units were purchased at $10 each; on the 30 th, 8 units were sold at $20 each. Calculate COGS, END and GP for both FIFO and LIFO. Type your answer in the box below OR type on Word or Excel and upload under Exam 1 Problem Upload. Show your work