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part c) Determine the cost of the ending inventory and the cost of goods sold using (1) FIFO and (2) weighted average. The Baby Store

part c) Determine the cost of the ending inventory and the cost of goods sold using (1) FIFO and (2) weighted average. image text in transcribed
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The Baby Store had a beginning inventory on January 1 of 280 full-size strollers at a cost of $210 per unit. During the year, the following purchases were made: Mar. 15 July 20 Sept. 4 Dec. 2 Units 81 58 24 11 Unit Cost $211 210 208 203 At the end of the year, there were 35 units on hand. The Baby Store uses a periodic inventory system. (c) Determine the cost of the ending inventory and the cost of goods sold using (1) FIFO and (2) weighted average. (Rou cost per unit to two decimal places and final answers to 0 decimal places, e.g. 5,275.) FIFO Weighted average Cost of goods sold $ Ending inventory

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