Concord Company had 120 units in beginning inventory at a total cost of $14,400. The company purchased 240 units at a total cost of $36,000. At the end of the year, Concord had 70 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to 0 decimal places, e.g. 1,250.)

S Weygandt, Accounting Principles, 13e Question 4 Concord Company had 120 units in beginning inventory at a total cost of $14,400. The company puro Inventory Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average- FIFO LIFO Average-cost The cost of the ending inventory $ $ $ The cost of goods sold $ $ $ Which cost flow method would result in the highest net income? Which cost flow method would result in inventories approximating current cost in the balance sheet? Which cost flow method would result in Concord paying the least taxes in the first year? IMG_9109.jpg IMG_9108.jpg IMG_9106.jpg MacBook Air