Question: Please use the provided information by using FIFO and LIFO method to determine the ending inventory and cost of goods sold. Company Sold 635 units:

Please use the provided information by using FIFO and LIFO method to determine the ending inventory and cost of goods sold. Company Sold 635 units: Units Total Cost 50 Date 5/01/2020 5/10/2020 5/15/2020 5/20/2020 5/25/2020 Item Beginning / Purchased Purchased Purchased Purchased Purchased TOTAL 150 250 Unit Cost $ 25.00 $ 30.00 $ 37.00 $ 40.00 $ 42.00 300 350 [1] Using FIFO (First-in-First-out) to determine the ending inventory and cost of goods sold [2] Using LIFO (Last-in-First-out) to determine the ending inventory and cost of goods sold
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