Date Description Units Purchased at Cost Units Sold at Retai Sept. 1 Beginning inventory 400 units...

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Date Description Units Purchased at Cost Units Sold at Retai Sept. 1 Beginning inventory 400 units @ $19 Sept. 10 Purchase 600 units @ $21 Sept. 20 Sales 680 units @ $36 Sept. 25 Purchase 700 units at $22 Assume the company uses a perpetual inventory system. Required: Calculate ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods. FIFO Cost of goods sold Ending inventory LIFO $ Avg Cost Date Description Units Purchased at Cost Units Sold at Retai Sept. 1 Beginning inventory 400 units @ $19 Sept. 10 Purchase 600 units @ $21 Sept. 20 Sales 680 units @ $36 Sept. 25 Purchase 700 units at $22 Assume the company uses a perpetual inventory system. Required: Calculate ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods. FIFO Cost of goods sold Ending inventory LIFO $ Avg Cost