What are the values for cogs, Cost Accounting

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Given the below information, what are the values for COGS and ending inventory for each costing method below?

 

Number of Units

Price per Unit

Beginning inventory

10

2

Purchases

20

3

Sales

15

 

Ending inventory

15

 

 

Goods Available for

Sale

COGS

Ending Inventory

FIFO

20 + 60 = 80

 

 

LIFO

20 + 60 = 80

 

 

 


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