Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Clark Corporation. (Click the icon to view the data.) The cost of ending inventory is The cost of goods sold is Data table Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold 880 Quantity Unit Cost 140 $ 11.00 $ 210 S 14.00 $ 350 80 270 Total - 1,540 2,940 X

Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Clark Corporation. (Click the icon to view the data.) The cost of ending inventory is The cost of goods sold is Data table Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold 880 Quantity Unit Cost 140 $ 11.00 $ 210 S 14.00 $ 350 80 270 Total - 1,540 2,940 X

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 6PB: Use the last-in, first-out method (LIFO) cost allocation method, with perpetual inventory updating,...

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