Question: use LIFO, FIFO, and average cost method for that inventory system. calculate ending inventory for all three methods for both periodic and perpetual. 1. Use

use LIFO, FIFO, and average cost method for that inventory system.

calculate ending inventory for all three methods for both periodic and perpetual.

1. Use this information to answer the following question.

Oct. 1 Inventory 200 units @ $12.00

Oct. 6 Purchase 300 units @ $13.20

Oct.13 Purchase 100 units @ $14.40

Oct. 20 Purchase 200 units @ $15.60

Oct. 25 Purchase 40 units @ $16.80

Total sales 620 units

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