(Answered) Question - tom pryor is conducting an audit of the

Accounting

Question - Tom Pryor is conducting an audit of the computerized inventory system used by Zix Corporation. Tom has inserted hypothetical data into the computer program that tracks inventory on a perpetual basis. Below are the hypotheical data inserted by Tom:

Transaction	Units	Cost per unit
Beginning inventory	10	$10
Purchase, day 1	5	$11
Sale, day 2	6
Purchase, day 3	8	$12
Sale, day 4	9

Compute the cost of Goods Sold and Cost of Ending Inventory using the following inventory costing methods: FIFO and LIFO.

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