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13. Use the following information to calculate cost of goods sold for April under each of three methods: (a) FIFO, (b) LIFO, and (c) Average-cost.
13. Use the following information to calculate cost of goods sold for April under each of three methods: (a) FIFO, (b) LIFO, and (c) Average-cost. Assume the periodio inventory system is used. (Show your work.) Apr. 1 Beginning inventory 90 units a $40 8 Sales 70 units 17 Purchases 150 units 24 Sales 110 units $42 30 Purchases 60 units $44
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