Units in Beginning Inventory = 12
Number of units purchased = 38 + 20
Number of units purchased = 58
Units in Ending Inventory = 24
Number of units Available for Sale = Units in Beginning Inventory + Number of units purchased
Number of units Available for Sale = 12 + 58
Number of units Available for Sale = 70
Number of units sold = Number of units Available for Sale – Units in Ending Inventory
Number of units sold = 70 – 24
Number of units sold = 46
Cost of Goods Available for Sale = Cost of Beginning Inventory + Cost of Goods Purchased
Cost of Goods Available for Sale = $96 + $342 + $220
Cost of Goods Available for Sale = $658
LIFO:
Cost of Goods Sold = 20 * $11 + 26 * $9
Cost of Goods Sold = $454
Ending Inventory = 12 * $8 + 12 * $9
Ending Inventory = $204