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Item 5

Calculate cost of goods sold and ending inventory for Emergicares bandages orders using FIFO, LIFO and average cost. There are 33 units in ending inventory.

Note: Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent.

Date	Units purchased	Cost per unit	Total cost
January 1	54	$ 6.60	$ 356.40
April 1	49	5.85	286.65
June 1	64	5.60	358.40
September 1	59	6.10	359.90
Total

	Cost of goods sold	Ending inventory
FIFO
LIFO
Average cost