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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

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 24 units at $1,800 each
June 9 Purchase 28 units at $1,950 each
July 28 Purchase 11 units at $2,040 each
Nov, 1 Purchase 15 units at $2,100 each
There are 18 units of the item in the physical inventory at December 31.
Determine the cost of ending inventory and the cost of goods sold by three methods, presenting
Round per unit cost to two decimal places, and use in subsequent computations. Roun
\table[[Inventory Method,Cost],[Ending Inventory,Cost of Goods Sold],[a. First-in, first-out method,S,$
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