Question
Inventory records for Cameron Products Inc. revealed the following: Date Transaction Number of Units Unit Cost Total Cost April 1 Beginning Inventory 400 $2.40 April
Inventory records for Cameron Products Inc. revealed the following: Date Transaction Number of Units Unit Cost Total Cost April 1 Beginning Inventory 400 $2.40 April 14 Purchase 400 $2.50 April 22 Purchase 200 $2.60 -------- Total Goods Available for Sale --------- The company sold 900 units during the month. Compute the ending inventory (EI) and Cost of Goods Sold (COGS) under 3 methods: FIFO, LIFO, and weighted-average cost. Show your calculations. (3 points) FIFO Cost Of Good Sold: $__________ Ending Inventory $__________ LIFO Cost Of Good Sold: $__________ Ending Inventory $__________ Weighted Average Cost Of Good Sold: $__________ Ending Inventory $__________
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