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Question 10 Not yet answered Marked out of 10.00 Flag question A company made the...

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Accounting

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Question 10 Not yet answered Marked out of 10.00 Flag question A company made the following merchandise purchases and sales during the month of June: 1-Jun purchased 600 units @ $15 each 6-Jun purchased 250 units @ $17 each 17-Jun sold 400 units @ $22 each 20-Jun purchased 450 units @ $18 each 26-Jun sold 300 units @ $22 each 30-Jun purchased 250 units @ $19 each There was no beginning inventory. If the company uses the last-in, first-out (LIFO) method and the perpetual system, what would be the cost of the ending inventory and the total cost of goods sold? 1 A B I U - I E Goods Purchased Cost of Goods Sold Inventory Balance Date Total Cost of Goods Sold: Ending Inventory Balance

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