Inventory by Three Methods; Cost of Goods Sold Inventory by Three Methods; Cost of Goods Sold

The units of an item available for sale during the year were as follows:

Jan. $1$ Inventory $21$ units at $$1,800$ each

June $9$ Purchase $29$ units at $$1,950$ each

July $28$ Purchase $12$ units at $$2,040$ each

Nov. $1$ Purchase $17$ units at $$2,100$ each

There are $18$ units of the item in the physical inventory at December $31.$

Determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form:

Round your final answers to the nearest dollar.

Cost

Inventory Method

Ending Inventory

Cost of Goods Sold

a$.$ First$-$in$,$ first$-$out method

$

$37,680$

$

b$.$ Last$-$in$,$ first$-$out method

c$.$ Weighted average

The units of an item available for sale during the year were as follows:

Jan. $1$ Inventory $21$ units at $$1,800$ each

June $9$ Purchase $29$ units at $$1,950$ each

July $28$ Purchase $12$ units at $$2,040$ each

Nov. $1$ Purchase $17$ units at $$2,100$ each

There are $18$ units of the item in the physical inventory at December $31.$

Determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form:

Round your final answers to the nearest dollar.

Cost

Inventory Method Ending Inventory Cost of Goods Sold

a$.$ First$-$in$,$ first$-$out method $fill in the blank $1$ $fill in the blank $2$

b$.$ Last$-$in$,$ first$-$out method fill in the blank $3$ fill in the blank $4$

c$.$ Weighted average fill in the blank $5$ fill in the blank $6$