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20) The college campus bookstore uses a periodic inventory system. The bookstore purchases 410 copies of a textbook at $65 each in June, 975 copies
20) The college campus bookstore uses a periodic inventory system. The bookstore purchases 410 copies of a textbook at $65 each in June, 975 copies in August at $67 each, and 610 copies in December at $70 each. The bookstore sold 1,875 copies of the textbook during the year. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods
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