account

Periodic inventory systems Tres Chic uses a periodic inventory system. The beginning inventory of a particular product, and the pur chases during the current year, were as follows: Jan 1 Mar 9 Aug 11 Dec 23 Beginning inventory Purchase Purchase Purchase Total available for sale in year, 1.000 units a $14.00 - 14.000 1.050 units a $14.50 - 15.225 950 units a $15.00 - 14,250 500 units a $15.75 - 7.875 3.500 units S51,350 At December 31, the ending inventory of this product consisted of 850 units. Determine the cost of the year-end inventory and the cost of goods sold for this product under each of t he following methods of inventory valuation (Rounded): Average cost First-in, first-out Last in, first-out Inventory at Dec. 31 $ $ Cost of Goods Sold $ $