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Cost of Goods Sold Ending Inventory $ x X Inventory Costing Methods Oppenheimer Inc. reported the following information for the month of February: Inventory, February

image text in transcribed Cost of Goods Sold Ending Inventory $ x X Inventory Costing Methods Oppenheimer Inc. reported the following information for the month of February: Inventory, February 1 Purchase: February 7 February 18 February 27 63 units @ $20 50 units @ $22 68 units @ $24 44 units @ $26 During February, Oppenheimer sold 143 units. The company uses a periodic inventory system. Required: What is the value of ending inventory and cost of goods sold for February under the following assumptions. Assumption 1. Of the 143 units sold, 53 cost $20, 35 cost $22, 51 cost $24, and 4 cost $26. 2. FIFO 3. LIFO 4. Weighted average method (Round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar.) $ X

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