Best Yet Electronic Center began December with 100 units of merchandise inventory that cost $ 70 each. During December , the store made the following purchases: Best Yet uses the periodic inventory system, and the physical count at December 31 indicates that 130 units of merchandise inventory are on hand. Read the requirements

Dec. 3rd 35 units @ $82

Dec. 12th 45 units @ $84

Dec. 18th 75 Units @ $90

Requirement 1. Determine the ending merchandise inventory and cost of goods sold amounts for the

December

financial statements using the FIFO, LIFO, and weighted-average inventory costing methods.

	FIFO
Ending inventory
Cost of goods sold