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At the beginning of the current period, Target carried 200 units of product with a unit cost of 5 per unit. The following is a

At the beginning of the current period, Target carried 200 units of product with a unit cost of 5 per unit. The following is a summary of purchase per month:

On March 8th Target bought 170 units @ 6.00

On March 13th Target bought 190 units @ 7.00

On March 25th Target bought 150 units @ 8.00

During the month, 480 units were sold for 11.00 per unit. Assume periodic inventory is used.

  1. What is ending inventory under FIFO
  2. What is cost of goods sold under FIFO
  3. What is cost of goods sold under LIFO
  4. What is ending inventory under LIFO
  5. What is cost of goods sold under weighted average
  6. What is ending inventory under weighted average

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