Assignment 4: Inventory Valuation 1. Purchase Date Quantities Unit Price Total February 1 February 13 February 22 February 28 175 25 50 90 The company sold 220 coffee mugs by February 28. Calculate the COGS and the Ending Inventory using FIFO, LIFO and Weighted Average. Assume the inventory was 50 at the beginning of the month @ $2.25 each. Show all your Work. May 1 May 13 2. Purchase Date Quantities Unit Price Total May 12 May 30 $2.25 $393.75 $3.25 $81.25 $3.50 $175.00 $4.00 $360.00 75 125 150 210 $5 $375 $6 $750 $7 $1,050 $8 $1,680 The company sold 110 towels by May 31. Calculate the COGS and the Ending Inventory using FIFO, LIFO and Weighted Average. Assume the inventory was 25 at the beginning of the month @ $5.00 each. Show all your work.

Assignment 4: Inventory Valuation 1 The company sold 220 coffee mugs by February 28 . Calculate the COGS and the Ending Inventory using FIFO, LIFO and Weighted Average. Assume the inventory was 50 at the beginning of the month@\$2.25 each. Show all your Work. The company sold 110 towels by May 31 . Calculate the COGS and the Ending Inventory using FIFO, LIFO and Weighted Average. Assume the inventory was 25 at the beginning of the month@\$5.00 each. Show all your work