Jasper & Williams made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory Mar. 7 Purchased July 28 Purchased Oct. 3 Purchased Totals a FIFO b Weighted average cost 130 units 220 units 440 units 70 units 860 units Ending Inventory $ 674 40 $ 660 35 = @ $2.20 = $ @ $2.30 @ $2.40 @ $2.50 = Required: 1. Ending inventory consists of 159 units. Assuming a periodic system, determine the costs to be assigned to cost of goods sold and ending inventory under: (Round your intermediate calculations and final answers to 2 decimal places.) Cost of Goods Sold $ $ = 1,173 60 373.65 286 506 1,056 175 $ 2,023

Jasper \& Williams made purchases of a particular product in the current year as follows: Required: 1. Ending inventory consists of 159 units. Assuming a periodic system, determine the costs to be assigned to cost of goods sold and ending inventory under: (Round your intermediote calculations and final answers to 2 decimal places.)