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Larkspur, Inc. Inc. had a beginning inventory of 105 units of Product RST at a cost of $ 10 per unit. During the year, purchases
Larkspur, Inc. Inc. had a beginning inventory of 105 units of Product RST at a cost of $ 10 per unit. During the year, purchases were: Feb. 20 575 units at $ 11 Aug. 12 400 units at $ 13 May 5 515 units at $ 12 Dec. 8 105 units at $ 14 Larkspur, Inc. uses a periodic inventory system. Sales totaled 1,475 units. (b2) Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) FIFO LIFO AVERAGE-COST The ending inventory $ ta $ The cost of goods sold $ $ $
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