Question: Instructions Compute the ending inventory under (1) FIFO and (2) LIFO for a Perpetual Inventory System *E6-16B Tevis Company reports the following for the month

Instructions Compute the ending inventory under (1) FIFO and (2) LIFO for a Perpetual Inventory System *E6-16B Tevis Company reports the following for the month of June. It (a) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 425 units occurred on June 15 for a selling price of $12 and a sale of 495 units on June 27 for $13. Round to the nearest dollar for inventory totals

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