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Following data relates to product B52. Transaction Type # of Units Unit Cost ...

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Accounting

Following data relates to product B52.

Transaction Type # of Units Unit Cost

Beginning Inventory 10 $120

Purchased 40 $125

Sold 20

Purchased 50 $130

Sold 20

Sold 30

Purchased 40 $132

Sold 20

There are 50 units in ending inventory.

Compute cost of goods sold and ending inventory under each of the following methods:

a. FIFO periodic
b. FIFO perpetual
c. LIFO periodic
d. LIFO perpetual

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