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The data below are for Parrett Enterprises: Beginning Inventory: 100 units at $1 per unit...

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Accounting

The data below are for Parrett Enterprises: Beginning Inventory:

100 units at $1 per unit Purchase:

375 units at $2 per unit Purchase:

150 units at $3 per unit Ending Inventory is 330 units.

Calculate COGS under the FIFO and LIFO Method. COGS FIFO: ______________ COGS LIFO: ______________

Calculate Ending Inventory Value under FIFO and LIFO method. Ending Inventory Value FIFO: ______________ Ending Inventory value LIFO: ______________

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