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Based on the following inventory flow, calculate BOTH the Cost of Goods Sold (COGS) and Ending Inventory under each of the three cost flow assumptions.

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Based on the following inventory flow, calculate BOTH the Cost of Goods Sold (COGS) and Ending Inventory under each of the three cost flow assumptions. Unit Price $2.00 $2.10 Date 4/1 4/5 4/12 4/20 4/30 Transaction Beginning Inventory Purchase Sale; Retail Price $5.00 Purchase Sale; Retail Price $5.00 Qty 100 units 50 units 75 units 50 units 75 units $2.10 FIFO COGS FIFO Ending Inventory: LIFO COGS: LIFO Ending Inventory: Weighted Average COGS: Weighted Average Ending Inventory

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