Question
Calculate cost of goods sold and ending inventory for Emergicares bandages orders using FIFO, LIFO and average cost. There are 37 units in ending inventory.
Calculate cost of goods sold and ending inventory for Emergicares bandages orders using FIFO, LIFO and average cost. There are 37 units in ending inventory. (Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent.)
Date unit per/unit Total cost
January 1 51 $8.10 $413.10
April 1 46 7.35 338.10
June 1 61 7.10 433.10
September 1 56 7.60 425.60
Total 214 $ 1,609.90
Cost of goods sold Ending inventory
FIFO $ ____________ _______________
LIFO $ $ ______________ ______________
Average cost $ $ ______________ _______________
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