Question: no written work Question 17 (12 points) Chen Company was established on Jan 1st 2015. The company buys and sells perfumes. During 2015 the company's

no written work Question 17 (12 points) Chen Company was established

no written work

Question 17 (12 points) Chen Company was established on Jan 1st 2015. The company buys and sells perfumes. During 2015 the company's transactions regarding its inventory are as follows: Cost per unit (USD) Date 01/Jan/2015 01/Feb/2015 01/Apr/2015 01/Nov/2015 30/Dec/2015 Purchases/ Sale Purchase Sale Purchase Purchase Sale Amount of units 4,000 2,000 2,000 8,000 7,000 ??? 4 16 ??? Additional data: The company uses a periodic LIFO inventory method. Required: A. Compute the COGS for 2015? B. What are the company's inventory turnover and days of inventory? C. Assume the company uses perpetual LIFO, would the COGS change? Explain, no need to calculate

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