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At the year ended December 31, 2019, Hayden Company's accounting records provided the following information for Product A: Units Unit Cost Inventory, December 31, 2018
At the year ended December 31, 2019, Hayden Company's accounting records provided the following information for Product A: Units Unit Cost Inventory, December 31, 2018 1,810 $ 5 During 2019: Purchase, March 21 5,190 7 Purchase, August 1 2,980 8 Inventory, December 31, 2019 4,180
Required: Compute Product A's ending inventory and cost of goods sold for the year 2019 under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.)
FIFO LIFO Average Cost Ending inventory Cost of goods soldStep by Step Solution
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