Question: Question 4 Given the following transactions: 1. Beginning inventory, 100 units costing $10 unit 2. Purchase 200 units for $12 unit 3. Sell 220 units

Question 4 Given the following transactions: 1. Beginning inventory, 100 units

Question 4 Given the following transactions: 1. Beginning inventory, 100 units costing $10 unit 2. Purchase 200 units for $12 unit 3. Sell 220 units at a price of $100 /unit. 4. Purchase 300 units for $15/ unit 5. Sell 230 units at a price of $120 /unit. Calculate cost of goods sold under each of the following: - LIFO periodic - LIFO perpetual

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