Based on the information provided determine the cost of goods sold and ending inventory using LIFO, FIFO and Weighted Average

Background Information: Micky and Friends started business on Jan. 1 with no inventory. They purchased two items during the year with the first item costing $2,500 and second item costing$4,000.During the year they only sold one item

Account FIFO LIFO Weighted Average

______ _______ ________ _____________

______ _______ ________ _____________