Question: Please explain/show work June 1 Beginning Inventory 150 units $10 $1,500 9 Purchase 1 14 Sale1 22 Purchase 2 29 Sale 2 200 units $12

Please explain/show work Please explain/show work June 1 Beginning Inventory 150 units $10 $1,500

June 1 Beginning Inventory 150 units $10 $1,500 9 Purchase 1 14 Sale1 22 Purchase 2 29 Sale 2 200 units $12 $2,400 300 units @ $25 250 units$14 $3,500 225 units @ $25 Assume that Bordeaux uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method

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