Inventory by Three Methods; Cost of Goods Sold

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

Inventory by Three Methods: Cost of Goods Sold The units of an item available for sale during the year were as follows an Inventory May 15 Purchase Aug. 7 Purchase Nov. 20 Purchase There are 20 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 for Round your final answers to the nearest dollar 23 units at $1,800 0 units at $1,950 10 units at $2,040 16 units at $2,100 Cost Inventory Method a. First-in, first-out method b. Last-in, first-out method Ending Inventory Cost of Goods Sold weighted average cost method