Question: Please help with both these problems Cornerstone Exercise 6-31 (Algorithmic) 0 Inventory Costing Methods: Periodic LIFO (Appendix 6B) Bordeaux Company has the following information related

Please help with both these problems  Please help with both these problems Cornerstone Exercise 6-31 (Algorithmic) 0
Inventory Costing Methods: Periodic LIFO (Appendix 6B) Bordeaux Company has the following

Cornerstone Exercise 6-31 (Algorithmic) 0 Inventory Costing Methods: Periodic LIFO (Appendix 6B) Bordeaux Company has the following information related to purchases and sales of one of its inventory items: Date Description Units Purchased at CostUnits Sold at Retail 150 units @ $8 $1,200 200 units @ $12 = $2,400 June 1 Beginning Inventory 9 Purchase 1 14 Sale 1 22 Purchase 2 29 Sale 2 300 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 LIFO inventory costing method. Cost of goods sold Cost of ending inventory

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