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Current Attempt in Progress + Kingbird, Inc. had 145 units in beginning inventory at a total cost of $18,125. The company purchased 290 units at
Current Attempt in Progress + Kingbird, Inc. had 145 units in beginning inventory at a total cost of $18,125. The company purchased 290 units at a total cost of $58,000. At the end of the year, Kingbird had 70 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average cost per unit and final answers to decimal places, e.g. 1,250.) LIFO Average-cost The cost of the ending inventory$ The cost of goods sold FIFO $ $ $ e Textbook and Media Which cost flow method would result in the highest net income? elextbook and Media Which cost flow method would result in the highest net income? e Textbook and Media Which cost flow method would result in inventories approximating current cost in the balance sheet? eTextbook and Media Which cost flow method would result in Kingbird paying the least taxes in the first year? e Textbook and Media
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