Determine the cost of goods sold using FIFO.

Determine the ending inventory using FIFO.

Determine the cost of goods sold using LIFO.

Determine the ending inventory using LIFO.

Determine the cost of goods sold using weighted average cost.

Determine the ending inventory using weighted average cost.

PROBLEM B: Smith Corporation purchased the following inventory during 2019: Beginning inventory 20 units @ $100 Purchases 2/9/19 60 units @ $110 Purchases 4/10/19 30 units @ $120 Purchases 7/6/19 10 units @ $130 SOLD 90 units