Question: Sa QUESTION 21 5 points Beginning inventory, purchases and sales data for T-shirts are as follows: $10 $12 Apr 3 11 14 21 25 Inventory

 Sa QUESTION 21 5 points Beginning inventory, purchases and sales data

Sa QUESTION 21 5 points Beginning inventory, purchases and sales data for T-shirts are as follows: $10 $12 Apr 3 11 14 21 25 Inventory Purchase Sale Purchase Sale 24 units@ 26 units@ 36 units 18 units@ 20 units $15 Assuming the business maintains a periodic inventory system, calculate the cost of merchandise sold and ending inventory under the following assumptions: a. FIFO b. LIFO C. Average cost (round cost of merchandise sold and ending inventory to the nearest dollar) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U Paragraph Arial 10pt Ev EVA v h Ix

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