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Oriole Company had 145 units in beginning inventory at a total cost of $15,225. The company purchased 290 units at a total cost of $47,850.
Oriole Company had 145 units in beginning inventory at a total cost of $15,225. The company purchased 290 units at a total cost of $47,850. At the end of the year, Oriole had 65 units in ending inventory. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. FIFO LIFO Average-cost $ $ $ The cost of the ending inventory The cost of goods sold $ $ $
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