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Fox Company uses a periodic inventory system and had the following inventory schedule: Date Units Unit Price (KD) Sept. 1 Explanation Beginning Inventory Purchase 30

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Fox Company uses a periodic inventory system and had the following inventory schedule: Date Units Unit Price (KD) Sept. 1 Explanation Beginning Inventory Purchase 30 11 7 55 14 11 Purchase 40 10 26 Sales 90 25 Instructions Compute the following, and determine the ending inventory at September 30 and cost of goods sold using IFO and average-cost methods. (Round per unit cost to 1 decimal place, if needed)

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