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Determine cost of goods sold and ending inventory, using FIFO, LIFO, and average-cost with analysis. (LO 2) Sekhon Company had a beginning inventory on January

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Determine cost of goods sold and ending inventory, using FIFO, LIFO, and average-cost with analysis. (LO 2) Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of \$20 per unit. During the year, the following purchases were made. Mar. 15 400 units at $23 Sept. 4 330 units at $26 July 20 250 units at $24 Dec. 2 100 units at $29 1,000 units were sold. Sekhon Company uses a periodic inventory system. Instructions (a) Determine the cost of goods available for sale. (Provided in the template below) (b) 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). Below is the Cost of Goods Available for Sale Calculation for Problem 63 A. Using this information, solve Ending Inventory and Cost of Goods solu for FIFO, LFO, , ind Weighted Average Cost Inventory Methods. Provide calculations below to solve: 1. FIFO Ending Inventory and Cost of Goods Sold 2. UFO Ending Inventory and Cost of Goods Sold 3. Weighted Average Ending Inventory and Cost of Goods Sold

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