Exercise 5-18 Allocating product cost between cost of goods sold and ending inventory: Multiple purchases LO 5-6

Suggs Company sells coffee makers used in business offices. Its beginning inventory of coffee makers was 170 units at $43 per unit. During the year, Suggs made two batch purchases of coffee makers. The first was a 290-unit purchase at $48 per unit; the second was a 385-unit purchase at $50 per unit. During the period, Suggs sold 810 coffee makers.

Required

Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Suggs uses

a.	FIFO.
b.	LIFO.
c.	Weighted average

Exercise 5-18 Allocating product cost between cost of goods sold and ending inventory: Multiple purchases LO 5-6