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Date Explanation Units Unit Cost Total Cost 1-Jan Inventory 250 $ 12.00 $ 3,000.00 15-Feb Purchases 155 $ 13.50 $ 2,092.50 12-Apr Purchases 260 $

  

Date Explanation Units Unit Cost Total Cost
1-Jan Inventory 250 $ 12.00 $ 3,000.00
15-Feb Purchases 155 $ 13.50 $ 2,092.50
12-Apr Purchases 260 $ 13.90 $ 3,614.00
5-May Sale 490
3-Jun Purchases 200 $ 15.75 $ 3,150.00
Purchased 865 Total Cost $ 11,856.50
Sold 490
End. inventory 375
Determine (1) the ending inventory and (2) the cost of goods sold under each of the
assumed cost flow methods (FIFO, LIFO and average cost).

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