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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 | 1,920 | $ | 7 | |||
During 2019: | ||||||
Purchase, March 21 | 5,050 | 9 | ||||
Purchase, August 1 | 2,990 | 10 | ||||
Inventory, December 31, 2019 | 4,170 | |||||
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.)
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