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K Simpson Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Simpson Company sold
K Simpson Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Simpson Company sold a total of 19,200 units during the year, Read the requirements Requirement 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. (Round the average cost per unit to the nearest cent.) $ 188,160 Average-cost method cost of goods sold Average-cost method ending inventory $ 7,840 Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. FIFO method cost of goods sold FIFO method ending inventory Data table Quantity Unit Cost Beginning Inventory Purchases during year 2,000 $ 18,000 $ 8.00 10.00 Print Done Requirements 1. Using the average cost method, compute the cost of goods sold and ending inventory for the year. 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year Print Done
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