Financial Accounting 101

& E6-19A (similar to) Election Help .ix O Data Tamln Ilhamas, Inc.s inventory records for a particular development program show the talowing at May 31 II (Click the icon to view the accounting records.) Al May 31, 10 of those guyrate are units. tequirements 1. Cuouse vel oigus said and ending inventory usiny Bedi of the olutiny melods. a specific uri cast with five $150 units and IRS16l units still on hand at thA and b. Rocrage cost e, Firstin, firs-out d. Last in, first cut 2, with melted produces the highest coast of youths list? Which method wdhurch: the lowest cost of goods sol? what. CHUAB tie Jference in cost of goods Bls? May 1 Buyining inventory.6 units 0 5 150 - $300 1E Purchase 4 units 151 - $ 604 14 unts by 160 $ 2,240 Print Done Hisquirement 1.connputs cost at goods sold and ancing inventory, using each at the tailosing tour inventory methods Begin by entering the muniser of units sold and number of units in ending inventory. Then calculate cost oi goods sold and ending inventory using fa) spacit unit costthen by average cost, then fe, FIFO, and finally fd) LIFO. Round the average cost per unit to the nearest centRound all final answers to the nearest Number at units Cost of goods sold Ending inventory