S Given the following: January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased 40 60 50 55 205 Cost of goods sold . Cost per unit $4 a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 61 units). 7 8 9 < Prev b. Calculate the cost of goods sold using the LIFO (ending inventory shows 61 units). 4 of 10 Total # $ 160 420 400 495 $ 1,475 JUL 30 Next A

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Question
S
Given the following:
January 1 inventory
April 1
June 1
November 1
Cost of ending inventory
Number
purchased
40
60
50
55
205
Cost of goods sold
Cost per
unit
$ 4
7
8
9
a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 61 units).
< Prev
b. Calculate the cost of goods sold using the LIFO (ending inventory shows 61 units).
4 of 10
Total
#
$ 160
420
400
495
$ 1,475
JUL
30
Next
A
Transcribed Image Text:S Given the following: January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased 40 60 50 55 205 Cost of goods sold Cost per unit $ 4 7 8 9 a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 61 units). < Prev b. Calculate the cost of goods sold using the LIFO (ending inventory shows 61 units). 4 of 10 Total # $ 160 420 400 495 $ 1,475 JUL 30 Next A
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