Question: table [ [ Purchases , , Sales ] , [ July , ( balance ) , 6 1 0 @ , $ 7 .

\table[[Purchases,,Sales],[July,(balance),610@,$7.30,July,3,310@,,],[8,1,160@,$7.40,,12,890@,$9.65,,],[22,670@,$7.60,,25,830@,$9.90,,],[30,230@,$7.75,,,,,,]]
Assuming that periodic inventory records are kept.
Determine the ending inventory and cost of goods sold using FIFO method. (Round answers to 2 decimal places, e.g.52.75.)
Ending inventory $
Cost of goods sold $
Determine the ending inventory and cost of goods sold using LIFO method. (Round answers to 2 decimal places, eg.52.75.)
Ending inventory
$
Cost of goods sold
$
\ table [ [ Purchases , , Sales ] , [ July , (

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