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2. Starling Sweaters Company uses the periodic inventory system. Starling had the following inventory purchases during the year: Date 1-1 3-1 6-1 9-1 Total
2. Starling Sweaters Company uses the periodic inventory system. Starling had the following inventory purchases during the year: Date 1-1 3-1 6-1 9-1 Total # of units 100,000 150,000 200,000 300,000 750,000 Cost per Unit $4 $5 $6 $7 Total Cost $400,000 $750,000 $1,200,000 $2,100,000 $4,450,000 During the year 600,000 units were sold. The ending inventory is 150,000 units.Required: Calculate cost of goods sold and ending inventory using first in first out, last in first out, and weighted average.
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