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Glasgow Enterprises started the period with 80 units in beginning inventory that cost $2.20 each. During the period, the company purchased inventory items as follows:
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $2.20 each. During the period, the company purchased inventory items as follows: Purchase No. of Items Cost 1 330 $ 2.70 2 135 $ 2.80 3 55 $ 3.20 Glasgow sold 350 units after purchase 3 for $8.70 each. What is Glasgow's cost of goods sold under FIFO? What is Glasgow's ending inventory under LIFO? What is Glasgow's ending inventory under weighted-average (rounded)?
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