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  3. units acquired at cost 80 units @ $2$ 160 units so

Units Acquired at Cost 80 units @ $2$ 160 Units Sold at Retail 15 32...

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Accounting

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Units Acquired at Cost 80 units @ $2$ 160 Units Sold at Retail 15 32 units & $8 276 Date Activities Jan. 1 Beginning inventory Jan. 3 Sales Feb. 14 Purchase Feb. 15 Sales June 30 Purchase Nov. 6 Sales Nov. 19 Purchase Totals 92 units & $3 - $ 150 units e $4 = $ 82 units @ $8 600 122 units @ $8 8 points 22 units @ $5 = $ 110 344 units $1,146 236 units cBook References Required: The company uses a periodic inventory system a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. c. Compute the gross margin for each method. Complete this question by entering your answers in the tabs below. Required a Required B Required Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Periodic Inventory System Ending Inventory Goods Sold Cost of FIFO 88 $ 256 NA Required B >

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