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FIFO LIFO avg cm help A restaurant has the following wine inventory information for March. Beginning Inventory: 20 bottle of 750ml of M&M wine @$10

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FIFO LIFO avg cm help

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A restaurant has the following wine inventory information for March. Beginning Inventory: 20 bottle of 750ml of M&M wine @$10 March 2: Purchased 15 each 750ml of M&M wine @$11 March 16: Purchased 20 each 750ml of M&M wine @$13 Sold 25 units during March @$30 each. Determine 1) the value of M&M ending inventory and 2) cost of sales (COS) for March using: a. First-in, First-out method (FIFO). Show your work. (4 points) b. Last-in, First-out method (LIFO). Show your work. (4 points) c. Average cost method. Show your work. (4 points)

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