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Kyota Distribution markets CDs of the performing artists. Following information is available for the company. Date Explanation Units Unit cost Total Cost 1 st of

Kyota Distribution markets CDs of the performing artists. Following information is available for the company.

Date

Explanation

Units

Unit cost

Total Cost

1st of March 2012

Beginning inventory

15,00

SR 7

SR 10500

5th March

Purchases

3,000

SR 8

24,000

13th March

Purchases

5,500

SR 9

49,500

21st march

Purchases

4,000

SR10

40,000

March 26

Purchases

2,000

SR 11

22,000

Total

16,000

135,500

Requirement: Ending inventory of the company is 12,500 units. Find the Costs of goods sold for the company through FIFO, LIFO and Average method.

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