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Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided
Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1 Units Unit Cost $6 Inventory, December 31, prior year For the current year: 1,950 Purchase, March 21 Purchase, August 1 6,010 4,080 2,930 nventory, Deceber 31, current year Required: Compute ending inventory and cost o goods sold under FIFO LIF answers to nearest whole dollar amount.) Round "Average cost per un and final and average cost inventory costing met ods todecima, place Average Cost FIFO LIFO Ending inventory Cost of goods sold
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