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I need the four blank boxes answered with the solutions on how to do them Inventory Costing Methods Morrison Inc. reported the following information for

image text in transcribedI need the four blank boxes answered with the solutions on how to do them

Inventory Costing Methods Morrison Inc. reported the following information for the month of October: Inventory, October 1 67 units @ $22 Purchase: October 7 55 units @ $24 October 18 58 units @ $25 October 27 45 units @ $27 During October, Morrison sold 144 units. The company uses a periodic inventory system. Required: What is the value of ending inventory and cost of goods sold for October under the following assumptions. Assumption Cost of Goods Sold Ending Inventory 1. Of the 144 units sold, 56 cost $22, 39 cost $24, 44 cost $25, and 5 cost $27. $ 3,403 2,056 2. FIFO $ 3. LIFO $ $ 4. Weighted average method (Round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar.) $ 3,493 1,965

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