(Solution) - The inventory records of the Riedel Company showed the following -(2025 Original AI-Free Solution)

Paper Details

The inventory records of the Riedel Company showed the following transactions for the fiscal period ended June 30:

Required
Compute the ending inventory and the cost of goods sold under the LIFO cost flow assumption, assuming both a perpetual and a periodic inventory system. Explain any difference in the final inventoryvaluations.