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Part 2 - A company reported the current month purchase and sales data for its...

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Accounting

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Part 2 - A company reported the current month purchase and sales data for its only product and uses the per etual inventory system. Determine the cost assigned to ending inventory and cost of goods sold using LIFO. Units Acquired at Cost Units Sold at Retail 175 units @ $15.00 150 units @ $16.00 Date Activities Beginning April 1 Inventory Purchase Sales Purchase Sales Purchase Sales 160 units @ $30.00 200 units @ $17.00 250 units @ $30.00 160 units @ $18.00 150 units @ $32.00

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