Question

From the following, calculate the cost of ending inventory and cost of goods sold for the...

From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 53 units. (Round your answers to the nearest cent.)

Beginning inventory
and purchases
Units Unit cost
January 1 4 $ 3.40
April 10 11 3.90
May 15 11 4.40
July 22 16 4.65
August 19 17 5.40
September 30 21 5.60
November 10 31 5.80
December 15 17 6.20

costs of ending inventory?

Cost of goods sold?

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