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Please help with FIFO and LIFO answers and show work. Thank you Problem 6-3A Buffalo Industries had a beginning inventory of 91 units of Product

Please help with FIFO and LIFO answers and show work. Thank you image text in transcribed
Problem 6-3A Buffalo Industries had a beginning inventory of 91 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 May 5 608 460 units at units at $9 $10 Aug. 12 Dec. 8 394 97 units at units at $11 $12 Buffalo Industries uses a periodic inventory system. Sales totaled 1,490 units. Your answer is correct. (a) Determine the cost of goods available for sale. The cost of goods available for sale 16298 $ (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost 9.878 $ SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR PROBLEM Your answer is partially correct. Try again. Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to o decimal places, e.g. 150.) FIFO LIFO AVERAGE-COST 1580 The ending inventory $ x $ x 14718 The cost of goods sold $ $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR

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