Valuation of inventory using fifo and lifo methods

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Reference no: EM1314487

Valuation of Inventory using FIFO and LIFO methods.

All-Pages Book Company reports the following inventory transactions during the current month:

Date	Event	Number of Units	Unit Cost	Total Cost
1st	Beg. Inventory	200	$12	$2,400
8th	Purchase	600	14	8,400
13th	Sale	400
24th	Purchase	200	16	3,200
30th	Sale	400

Required:
Fill in the following table using the periodic inventory system approach:

	FIFO	LIFO
Ending Inventory
Cost of Goods Sold

Reference no: EM1314487

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