Question: Q5 Jan 1 Beginning inventory 2 units @ $2 each Jan 7 purchase 3 units @ $3 each Jan 12 sale 4 units Jan 19

Q5 Jan 1 Beginning inventory 2 units @ $2 each Jan

Q5 Jan 1 Beginning inventory 2 units @ $2 each Jan 7 purchase 3 units @ $3 each Jan 12 sale 4 units Jan 19 purchase 5 units @ $5 each Jan 29 sale 3 units Selling Price is $5, Calculate COGS and ending Inventory under FIFO and LIFO cost flow method using the periodic and perpetual inventory systems

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