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A company using the LIFO method for inventory valuation has the following cost data for...

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Accounting

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A company using the LIFO method for inventory valuation has the following cost data for its inventory: Current inventory: 100 pcs at $1.00 each 1st purchase: 200 pcs at $1.25 each 2nd purchase: 200 pcs at $1.50 each Sale of 350 pcs The Cost of Goods Sold is 'DO NOT include a dollarsign in front of the answer. Only type in the number. 4 points Acompary using the FIFO method for inventory valuation has the following cost data for its inventory: Current inventory: 100 pcs at $1.00 each ist purchase: 200 pcs at $1.25 each 2nd purchase: 200 pes at $1.50 each Sale of 350 pes The Ending Inventory is - DO NOT include a doll

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