Applying and Analyzing Inventory Costing Methods

At the beginning of the current period, Chen carried $1,000$ units of its product with a unit cost of $$20.$ A summary of purchases during the current period follows. During the period, Chen sold $2,800$ units.

$\backslash$table$[[,$Units,Unit Cost,Cost$],[$Beginning Inventory,$1,000,$$$20,$$$20,000$