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

		Units	Unit cost
Beginning inventory		100	$48
Purchases	#1	650	44
	#2	550	40
	#3	200	38

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	Average cost	LIFO
Cost of goods sold		Answer	Answer	Answer
Ending inventory		Answer Correct Mark 1.00 out of 1.00	Answer	Answer