so far so far is correct you may not heve completed everythi

so far so far is correct, you may not heve completed everything. 2.50 points ntory Method in a Perpetual Inventory System [LO 7-S1) applies its inventory costing the following information at the end of 2,300 $50 January 30 3,000 (1,550) 31 ($100

Solution

Answer:

Beginning Inventory = 2300 units

Units Purchased = 4300 units

Units sold = 3950 units

Ending inventory = 2300+4300-3950 = 2650 units

Ending inventory =2650 units

Last-in, first out:

Ending Inventory = (350 * $62) + (2300 x 50)

Ending Inventory = 21700 + 115000

Ending Inventory =$ 136700

Cost of Goods Sold = 1300x80 + 2650x62 = 104000+164300 = 268300