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March Winds Company reports the following for the month of October: Units Unit Cost October 1 Inventory 500 $5 October 12 Purchase 300 $6
March Winds Company reports the following for the month of October: Units Unit Cost October 1 Inventory 500 $5 October 12 Purchase 300 $6 October 19 Purchase 200 $7 300 Total Cost $2,500 This represents BEGINNING Inventory $1,800 $1,400 This represents ENDING Inventory October 31 Inventory Compute the cost of the ending inventory and cost of goods sold under the a) FIFO method b) LIFO method c) Average Cost
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