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Intermediate accounting. Please solve and show work. ndy Corporation sells "Item...

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Accounting

Intermediate accounting. Please solve and show work. image
ndy Corporation sells "Item B" as part of its product line. Information as to balances on hand, purchases, and sales of "item B" are given in the following table for the first six months of 2018. Quantities Unit Price Date January 1 January 24 February 8 March 16 June 11 Sold Balance 400 1,800 1,500 940 1,540 of Purchase $3.65 $3.90 1,400 300 560 600 $4.10 Instructions (a) Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method. (b) Compute the cost of goods sold for the first six months under the periodic FIFO inventory pricing method

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