Find the cost of goods sold for the year ended December 31, 2009, and the ending inventory under the following cost assumptions: a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Average cost (weighted average) d. Specific identification

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Inventory ending Dec 31, 2009

DATE	DESCRIPTION	Number of Units	Cost Per Unit	Total Cost
January1	Beginning Inventory	400	$5.00	$2,000.00
March1	Purchase	1000	$6.00	$6,000.00
August1	Purchase	200	$7.00	$1,400.00
November1	Purchase	200	$7.50	$1,500.00
		1800		$10,900.00