1.Rockefeller and Associates reports the following for the month of May. May 1 Inventory 12 Purchase 23 Purchase 31 Inventory Instructions Units 300 450 750 180 Unit Cost (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. (b) Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. $5 6 8 Total Cost $1,500 2,700 6,000

1. Rockifeleler and Associates reports the following for the manth of May. instructions (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LFO (b) Compute the cost of the onding iwentory and the cont of goods sold uting the averoge-cost method