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value 10.00 points Simple Plan Enterprises uses a periodic inventory system. Its records showed the...

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Accounting

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value 10.00 points Simple Plan Enterprises uses a periodic inventory system. Its records showed the following Inventory December 31, using FIFO 40 Units @ $15 = $600 Inventory, December 31, using LIFO 40 Units @ $11 = $440 Units Unit Cost Total Cost Transactions in the Following Year Purchase, January 9 Purchase, January 20 Sale, January 11, (at $39 per unit) Sale, January 27 (at $40 per unit) 832 1,734 52 $16 102 17 82 58 Required 1. Compute the number and cost of goods available for sale, the cost of ending inventory, and the cost of goods sold under FIFO and LIFO FIFO LIFO Number of Goods Available for Sale (Units) Cost of Goods Available for Sale Cost of Ending Inventory Cost of Goods Sold

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