Total Cost, accounting assignment help

Calculate the cost of goods sold and the cost of the ending inventory using the LIFO periodic cost flow assumption.

Sales	99 units at $19 per unit
Beginning inventory	86 units at $12 per unit
Purchases	59 units at $10 per unit

Calculate the cost of goods sold using the LIFO periodic cost flow assumption.

	Units	x	Cost per Unit	=	Total Cost
Units from beginning inventory		x		=
Units from purchase		x		=
Cost of Goods Sold – LIFO method

Calculate the cost of the ending inventory using the LIFO periodic cost flow assumption. ​(Enter 0’s for any layers where there were no units​ sold.)

	Units	x	Cost per Unit	=	Total Cost
Units from beginning inventory		x		=
Units from purchase		x		=
Ending Inventory – LIFO method