1-1. Compute the inventory balance at the end of the accounting period using average cost.

1-2. Compute the cost of goods sold at the end of the accounting period using average cost.

1-3. Compute the inventory balance at the end of the accounting period using FIFO.

1-4. Compute the cost of goods sold at the end of the accounting period using FIFO.

1-5. Compute the inventory balance at the end of the accounting period using LIFO.

1-6. Compute the cost of goods sold at the end of the accounting period using LIFO.

2-1. Dividends for 2013

2-2. Dividends for 2014

2-3. Dividends for 2015

2.14. Tucker's Technology had the following goods available for sale in the last accounting period: Beginning inventory Purchases in order from first to last): 100 units @ $5 140 units @ $ 7 200 units @ $ 8 160 units @ $8.50 Sales for the period were 530 units. (a) Compute the inventory balance and the cost of goods sold at the end of the account- ing period using average cost, FIFO, and LIFO. (b) Which method shows the highest ending inventory? (c) Which method shows the highest cost of goods sold? (d) Explain why ending inventory and cost of goods sold differ under the three methods of inventory valuation. 2.18. Using the information below for Dean Corporation, calculate the amount of dividends Dean most likely paid to common stockholders in 2013, 2014, and 2015. Retained Earnings Balances Year Net Income $250 January 1, 2013 December 31, 2013 December 31, 2014 December 31, 2015 $ 700 890 1,045 1,010 2008 2009 2010 225 40