eggie net Table of content V Show Time Remaining Part 1 of 1 Neyman Inc. has the following data for purchases and sales of inventory Date Units Unit Cost per Total Cost 35 $300 $10,500 Beginning inventory Purchase 1, Feb. 24 130 $250 $32,500 Sale 1 145 Purchase 2, July 2 295 $225 $66,375 Sale 2 230 All sales were made at a sales price of $450 per unit. Assume that Neyman uses a perpetual inventory system. Show Time Remaining Question 1 of 4 2 Points Compute the cost of goods sold and the cost of ending inventory using the FIFO method. Calculations Answer Cost of Sale 1 Cost of Sale 2 Total COGS Ending Inventory V Show Time Remaining Question 2 of 4 2 Points Compute the cost of goods sold and the cost of ending inventory using the LIFO method. Calculations Answer Cost of Sale 1 Cost of Sale 2 Total COGS Ending Inventory gienet Show Time Remaining Question 3 of 4 1 Points Compute the cost of goods sold using the average cost method. Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar. Calculations Answer Cost of Sale 1 Cost of Sale 2 Total COGS 3gie et S07 Show Time Remaining V Total COGS Question 4 of 4 1 Points (Extra Credit) Compute the cost of ending inventory using the average cost method. Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar Calculations Answer Ending Inventory Save Submit for Grading