FIFO AND AVERAGE COST

Question 4 Riverbed Company, Ltd. had a beginning inventory of 464 units of Product Kimbo at a cost of E2 per unit. During the year, purchases were: Feb. 20 232 Aug. 12 696 14 May 5 580 Dec, & 348 E15 periodic inventory system. Sales totaled 1,740 units. Riverbed Company uses Your answer correct. Determine the cost of goods available for sale. The cost of goods available for sale 22156 LINK TO TEXT x Your answer is incorrect. Try again. Determine (1) the ending inventory and (2) the cost of goods sold under the two assumed cost flow methods (FIFO and average-cost). (Round average unit cost to 2 decimal places final answers to o decimal places, e.g. 2,120.) FIFO AVERAGE-COST The ending inventory The cost of goods sold