Question

A company that uses the PERPETUAL inventory system has the following records for 2017 Beginging inventory...

A company that uses the PERPETUAL inventory system has the following records for 2017

Beginging inventory Units Unit cost
Purcahses: 120 $48
Febuary 8th 60 52
June 15th 70 54
22-Aug 55 57
Novemeber 29 45 61
Salkes: 30-Mar 145
20-Jul 90
December 15th 60


Please compute the cost of ending inventory and the cost of goods sold using the follow methods: Please also show all steps/work

A) LIFO

B) Weighted-Average

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