inventory Costing Methods Carrington Inc. reported the following information for the month of August Inventory, August 1 Purchase: August 7 August 18 August 27 During August, Carrington sold 142 units. The company uses a periodic inventory system. Required: 59 units $26 59 units $28 62 units a $30 41 units $32 What is the value of ending inventory and cost of goods sold for August under the following assumptions Assumption 1. Of the 142 units sold, 50 cost $26, 41 cost $28, 47 cost s30, and 4 cost $32. 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 dollax.) Cost of Goods Sold Ending Inventory 142 X 1421 x 142 X 142 |