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

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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