hapter 7 Inventory and Cost of Goods Soled Goods Available for Sale- All methods Units Unit cost Total Cost First units in (January 1) Next units in (January 8) Next units in (January 29) 300 $ 2,100 $ 3,600 $ 6,750 $ 12,450 450 750 $8 $9 Total 1500 Using the above information determine the Cost of goods sold and ending inventory for First-in, first-out (FIFO), Last-in, first-out (LIFO), and Weighted average costs methods. The Company sold 600 units. A) FIFO: Cost of Goods Sold Ending Inventory B) LIFO: Cost of Goods Sold Ending Inventory C) weighted average cost Cost of Goods Sold Ending Inventory