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1. Below are the following inventory transactions for Deuce Hardware Jan 1 Mar 28 May 15 July 27 Sep 30 Dec 15 Units 200 500
1. Below are the following inventory transactions for Deuce Hardware Jan 1 Mar 28 May 15 July 27 Sep 30 Dec 15 Units 200 500 300 200 400 Inventory Purchase Purchase Purchase Purchase Purchase Unit Cost $ 2.50 $ 2.60 2.50 $ 2.80 $ 3.00 $ 3.20 $ 2001 During the year, 1.100 units were sold at $6 each. The company uses the periodic inventory system Calculate Ending Inventory and Cost of Goods Sold under each of the following A Average Cost B. FIFO C. LIFO
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