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Inventory Costing Methods and the Perpetual Method Lambeth Company experienced the following events in February:...

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Accounting

Inventory Costing Methods and the Perpetual Method Lambeth Company experienced the following events in February: Date Event Feb. 1 Feb. 4 Feb. 9 Feb. 27 Sold inventory Assume the perpetual inventory system is used. Use the LIFO inventory costing method to calculate the company's cost of goods sold and ending inventory as of February 28. Purchased inventory Sold inventory Purchased inventory Check Total cost of goods sold $ Ending inventory $ Unit Total Units Cost Cost 100 @ $30 $3,000 50 100 @ $32 $3,100 100
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Inventory Costing Methods and the Perpetusi Method tambericompany experenced the fotowing events in feoruary. Assume the perpetwal inventorysystem is used. Use the UFO inventory costing method to calculate the companys cost of goods sold and ending inventory as of February 28

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