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For 2018, Sonic Sports has the following inventory transactions related to soccer equipment. Number Unit $12 100 $14 Date Transaction Beginning inventory Purchase Purchase of
For 2018, Sonic Sports has the following inventory transactions related to soccer equipment. Number Unit $12 100 $14 Date Transaction Beginning inventory Purchase Purchase of units cost Total Cost S 1,680 Jan. 1 140 Mar. 12 Sep. 17 1,400 1,280 $4,360 80$16 320 200 Jan. 1-Dec. 31 Units sold Required: 1. Using FIFO, calculate cost of goods sold and ending inventory. 2. Using LIFO, calculate cost of goods sold and ending inventory 3. Using weighted-average cost, calculate cost of goods sold and ending inventory
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