Inventory Costing Methods Date Item Quantity Cost Per Unit Total 1-May Beginning Inventory 30 $17.00 $510.00 8-May Purchase 28 $18.00 $504.00 15-May Purchase 42 $19.00 $798.00 22-May Purchase 29-May Purchase 10 $22.00 $220.00 50 $26.00 $1,300.00 Sold 135 Units @$37 each Sales FIFO Date Item Quantity Cost Per Unit Total Ending Inventory Sales Income Statement Cost of Goods Sold Gross Profit Operating Expenses $1,400.00 Net Income Gross Profit %>> LIFO Date Item Quantity Cost Per Unit Total 3 000 Dashboard Calendar To Do Notifications Inbox