Compute the ending inventory using LIFO for both the periodic and the perpetual methods below: units price 1-Jan Beginning inventory 3,500 $3.00 14-Jan Bought 1,500 $3.15 5-Feb Sold 1,000 22-Feb Bought 2,000 $3.20 7-Mar Sold 1,500 15-Mar Sold 2,000 5-Apr

Compute the ending inventory using LIFO for both the periodic and the perpetual methods below: units price 1-Jan Beginning inventory 3,500 $3.00 14-Jan Bought 1,500 $3.15 5-Feb Sold 1,000 22-Feb Bought 2,000 $3.20 7-Mar Sold 1,500 15-Mar Sold 2,000 5-Apr Bought 1,000 $3.25 10-Apr Sold 800 12-Apr Sold 800 22-Apr Sold 500 4-May Sold 600 10-May Bought 2,000 $3.30 25-May Sold 500 LIFO Periodic Inventory (scroll down to see Perpetual input area) Purchased Sold Balance Date units cost total units cost total units cost total 1-Jan 3500 $3.00 $10,500.00 LIFO Perpetual Inventory Purchased Sold Balance Date units cost total units cost total units cost total 1-Jan 3500 $3.00 $10,500.00