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Question 1 View Policies Show Attempt History Current Attempt in Progress Oriole Company uses a periodic inventory system. Fo
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Solution

Cost of Ending inventory Cost of Goods sold
LIFO $               12,780 $                 22,470

Working

LIFO
Total Units Available for sale 1000
Units Sold 600
Closing Stock in Units 400
Valuation
Ending Inventory 270 @ $             30.00 $ 8,100
130 @ $             36.00 $ 4,680
Value Of Ending Inventory $            12,780
Cost of Goods sold $            22,470
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