54 ek . t 55 56 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LIFO Wtd. Avg. 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory 63 Cost of Goods Sold nces 64 65 66 67 Sheet1 READY + 100% Clipboard Font Styles A1 X V Better Bottles, Inc., uses a periodic inventory system and has the following A E F B D 1 Better Bottles, Inc., uses a periodic inventory system and has the following information available: 2 2 3 Description # of Units Cost per Unit Total Cost 4 Beginning Inventory 20 $ 20.00 $ 400.00 5 Jan. 15 Purchase 27 22.00 594.00) 6 Jan. 20 Purchase 33 30.00 990.00 7 Goods Available for Sale 80 $ 1,984.0K) 8 Less: January Sales 36 9 Ending Inventory 10 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory 16 Description # of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 18 Jan. 15 Purchase 19 44 20 FIFO Cost of Goods Sold # of Units Cost per Unit Total Cost 21 22 Description 23 Beginning Inventory Ton 15 Dube