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During October, Tedesco Company sold 240 unit of product R. It's beginning inventory and purchases during the month were as follows: Oct 1 Beginning inventory

During October, Tedesco Company sold 240 unit of product R. It's beginning inventory and purchases during the month were as follows:


Oct 1Beginning inventory100 units @ $20
Oct 5Purchases100 units @ $24
Oct 10Purchases100 units @ $22
Oct 15Purchases100 @ $24
Oct 20Purchases100 units @ $28
Oct 25Purchases100 units @ $26

Compute the cost of goods sold under each of three methods: a. Average cost, b. LIFO and c. FIFO. Assume the periodic inventory system is used.

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