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How do you get the cost of goods sold and ending inventory

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Reference no: EM131748277

June 1 Balance 299 units @ $13 June 10 Sold 198 units @ $32
11 Purchased 804 units @ $16 15 Sold 495 units @ $33
20 Purchased 500 units @ $17 27 Sold

305 units @ $36

Using the period inventory method. How do you get the cost of goods sold and ending inventory?

Assuming the perpetual inventory method is used and costs are computed at time of each withdrawal, what is the value of ending inventory at LIFO?

Reference no: EM131748277

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