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(b) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).
(b) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (For calculation purposes, round average cost per unit to 3 decimal places, eg. 5.275. Round answers to O decimal places, eg. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ S s The cost of goods sold $ $ $ I Save for later Attempts: 0 of 4 used Submit Answer Using multiple attempts will impact your score. 20% score reduction after attempt 3 (b) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (For calculation purposes, round average cost per unit to 3 decimal places, eg. 5.275. Round answers to O decimal places, eg. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ S s The cost of goods sold $ $ $ I Save for later Attempts: 0 of 4 used Submit Answer Using multiple attempts will impact your score. 20% score reduction after attempt 3
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