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Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 37 units in ending
Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 37 units in ending inventory. Note: Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent. Date January 11 Units purchased Cost per 56 unit $ 6.80 Total cost $ 380.80 April 1 51 6.05 308.55 June 1 66 5.88 382.80 September 1 61 6.30 384.30 Total 234 $ 1,456.45 Cost of goods Ending sold inventory FIFO $ 683.85 $ 646.10 LIFO $ 635.10 $ 705.55 Average cost $ 578.46 $ 230.14
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