Question: Inventory Costing Methods and the Periodic Method Lambeth Company experienced the following events in January: Date Event Units Jan. 10 Purchased inventory 100$19 Jan. 20

Inventory Costing Methods and the Periodic Method Lambeth Company experienced the following events in January: Date Event Units Jan. 10 Purchased inventory 100$19 Jan. 20 Purchased inventory 200 Jan. 30 Sold inventory Unit Cost Total Cost $1,900 21 $4,200 150 If the Lambeth Company uses the FIFO inventory costing method, calculate the company's cost of goods sold and its ending inventory as of January 31 assuming the periodic method. Cost of goods sold $ 0 Ending inventory Check
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