$($Click the icon to view the accounting records.$)$

At October $31,11$ of these units are on hand.

Read the requirements.

Requirement $1.$ Compute cost of goods sold and ending inventory, using each of the following four inventory methods:

cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.$)$

Requirements

Compute cost of goods sold and ending inventory, using each of the

following methods:

a$.$ Specific identification, with seven $$165$ units and four $$175$ units still on

hand at the end

b$.$ Average cost

c$.$ FIFO

d$.$ LIFO

Which method produces the highest cost of goods sold? Which method

produces the lowest cost of goods sold? What causes the difference in cost of

goods sold?

Data table