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3. During the first quarter of 2020, Company sold 5,300 pairs of sun glasses for a total of $111,300. The following information is also available:
3. During the first quarter of 2020, Company sold 5,300 pairs of sun glasses for a total of $111,300. The following information is also available: Beginning Inventory: Purchases: 2,000 pairs at 8.00 per pair = $16.000 4,500 pairs at 9.00 per pair = 40,500 2,000 pairs at $10.85 per pair = 21,700 Compute the following. Show your work in the space provided. (12 points) FIFO LIFO Weighted Average Ending Inventory Cost of Goods Sold
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