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5f35aea0aa87f/17984487X-Blackboard-Expiration=1614988800000&X-Blackboard-Signature 171 85% + HVV vomory valuation Portoare system 1/1 Maccle Company uses the periodic Inventory method and had the following inventory information available: Units

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5f35aea0aa87f/17984487X-Blackboard-Expiration=1614988800000&X-Blackboard-Signature 171 85% + HVV vomory valuation Portoare system 1/1 Maccle Company uses the periodic Inventory method and had the following inventory information available: Units Unit Cost Total Cost Beginning Inventory 100 $4 $ 400 1/20 Purchase 500 $5.50 2,750 7/25 Purchase 300 $6.50 1,950 10/20 Purchase 300 2.400 I Totals 1,200 $7,500 A physical count of inventory on December 31 revealed that there were 350 units on hand. $8 Required: (a) Assume that the company uses the FIFO method. A1 Compute the value of the ending inventory at December 31 $ A2 Compute the value of cost of goods sold on December 31 $_ (b) Assume that the company uses the LIFO method. B1 Compute the value of the ending inventory at December 31 $_ B2 Compute the value of cost of goods sold on December 31 $ (c) Assume that the company uses the weighted average cost method. C1 Compute the value of the ending inventory at December 31 $ C2 Compute the value of cost of goods sold on December 31 $

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