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What is the cost of the ending inventory for item 27

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Question

During June, the following changes in inventory item 27 took place:

1 Balance 1,470 units @ $36

14 Purchased 820 units @ $52

24 Purchased 660 units @ $45

8 Sold 340 units @ $70

10 Sold 1,130 units @ $61

29 Sold 450 units @ $68

What is the cost of the ending inventory for item 27 under the FIFO method?

What is the cost of the ending inventory for item 27 under the LIFO method?

Reference no: EM132344954

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