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Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, Decembe accounting records provided the following information for product
Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, Decembe accounting records provided the following information for product 1: Inventory, December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Units Unit Cost 1,820 $ 8 6,090 4,190 5 2,890 7 Inventory, December 31, current year. ces Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing met Note: Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amoun Average FIFO LIFO Cost Ending inventory $ 11,850 Cost of goods sold
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