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Using the following information answer the next four questions. Balance Sale Purchase Purchase Sale Purchase...

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Accounting

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Using the following information answer the next four questions. Balance Sale Purchase Purchase Sale Purchase 5 units at $53 3 units at $9 4 units at $6 3 units at $7 6 units at $9 2 units at $8 5 6. Using LIFO periodic calculate the Cost of Goods Sold (Show work for Credit) A. $67 B. $61 C. $63 D. $65 7. Using FIFO perpetual calculate the Cost of Goods Sold (Show work for Credit) A. $49 B. $61 C. $63 D. $65

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