Transcribed Image Text: Exercise 6-06 Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 91
Transcribed Image Text: Exercise 6-06
Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 91 units were sold.
Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods.
Ending inventory at May 31
Cost of goods sold
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