Baldwin Electric's inventory records for industrial switches indicate the following at October 31 :

The physical count of inventory at October 31 indicates that eight units are on hand, and the company owns them.
\section*{Required}
Compute ending inventory and cost of goods sold, using each of the following methods:
1. Specific unit cost, assuming five \(\$ 170\) units and three \(\$ 160\) units are on hand 2. Weighted-average cost 3. First-in, first-out 4. Last-in, first-out

Transcribed Image Text:

Oct. 1 Beginning inventory. 8 Purchase..... Purchase. 15 26 Purchase 10 units @ $160 4 units @ 160 11 units @ 5 units 170 176