Hamilton Company uses a periodic inventory system. At the end of the annual acco year, the...
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Hamilton Company uses a periodic inventory system. At the end of the annual acco year, the accounting records provided the following information for product 1: Inventory, December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Inventory, December 31, current year Unit Units Cost 1,820 $5 6,080 4 4,140 2,880 Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average "Average cost per unit" to 4 decimal places and final answers to nearest whole d FIFO Average LIFO Cost Ending inventory + Cost of goods sold Hamilton Company uses a periodic inventory system. At the end of the annual acco year, the accounting records provided the following information for product 1: Inventory, December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Inventory, December 31, current year Unit Units Cost 1,820 $5 6,080 4 4,140 2,880 Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average "Average cost per unit" to 4 decimal places and final answers to nearest whole d FIFO Average LIFO Cost Ending inventory + Cost of goods sold
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