Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period:

		Units	Unit cost
Beginning inventory		100	$47
Purchases	#1	650	43
	#2	550	39
	#3	200	37

Ending inventory at the end of this period is 350 units. Compute the ending inventory and the cost of goods sold for the current period using (a) first-in, first-out, (b) average cost, and (c) last-in, first-out.

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period: Units Unit cost 100 $47 Beginning inventory Purchases #1 650 43 #2 550 39 #3 200 37 Ending inventory at the end of this period is 350 units. Compute the ending inventory and the cost of goods sold for the current period using (a) first-in, first-out, (b) average cost, and (c) last- in, first-out. FIFO LIFO Average cost 0 $ 0 $ 0 Cost of goods sold $ Ending inventory 0 0 0