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Beginning inventory and purchases and sales data for 1-shirts are as follows: Apr. 3 Inventory 11 Purchase 14 Sale $10 $12 24 units 26 units

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Beginning inventory and purchases and sales data for 1-shirts are as follows: Apr. 3 Inventory 11 Purchase 14 Sale $10 $12 24 units 26 units 36 units 18 units 20 units 21 Purchase $15 25 Sale Assuming the business maintains a periodic Inventory system, determine the cost of merchandise sold and ending inventory under the following assumptions .. FIFO b. LIFO c. Weighted average cost In your computations, round the average cost per unit to two decimal places and round your final answers to the nearest dollar. Weighted Average FIFO LIFO Cost Cost of merchandise sold Ending inventory

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