Question
Carla Vista Co. had a beginning inventory of92units of Product RST at a cost of $7per unit. During the year, purchases were: Feb. 20544units at$8Aug.
Carla Vista Co. had a beginning inventory of92units of Product RST at a cost of $7per unit. During the year, purchases were:
Feb. 20544units at$8Aug. 12365units at$10May 5510units at$9Dec. 896units at$11
Carla Vista Co. uses a periodic inventory system. Sales totaled1,470units.
(a)Determine the cost of goods available for sale.
Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).(Round answers to 0 decimal places, e.g. 150.)
FIFO
LIFO
AVERAGE-COST
The ending inventory$
$
$
The cost of goods sold
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