On Aug. 1, Thai Tanic had 4 units of inventory on hand costing $200 per unit. On Aug. 5, Thai Tanic purchased 6 units of inventory costing $300 per unit. On Aug. 15, Thai Tanic sold 5 units of inventory. Calculate the Cost of Goods Sold for each inventory valuation method. 1) First-In First-Out (FIFO): [Select] 2) Last-In First-Out (LIFO): [Select] 3) Weighted Average: [Select] V >

On Aug. 1, Thai Tanic had 4 units of inventory on hand costing $200 per unit. On Aug. 5, Thai Tanic purchased 6 units of inventory costing $300 per unit. On Aug. 15, Thai Tanic sold 5 units of inventory. Calculate the Cost of Goods Sold for each inventory valuation method. 1) First-In First-Out (FIFO): 2) Last-In First-Out (LIFO): 3) Weighted Average