Question 4 Fitur: Last & tors. Lito: forst the va x x ABC Company reports the following for the month of May. Units Unit
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Question 4 Fitur: Last & tors. Lito: forst the va x x ABC Company reports the following for the month of May. Units Unit
Question 4 Fitur: Last & tors. Lito: forst the va x x ABC Company reports the following for the month of May. Units Unit Cost May 1 Inventory 300 12 Purchase 450 23 Purchase 750 x 31 Inventy 850 A physical count on May 31 shows inventory on hand of 850 units. Instructions $1 = 300 2 = 400 3= 2,250 7 8,550(COGS Availabu Si 100 Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO.