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please solve question 3 and 4 E7.5 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2 Nittany Company
please solve question 3 and 4
E7.5 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2 Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: Compute ending inventory and cost of goods sold for the current year under FIFO, L.FO, and average cost inventory costing methods Note: Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount. E7.6 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7.-6 Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, accounting records provided the following information for product 1: Compute ending inventory and cost of goods sold under FFFO, LIFO, and average cost inventory costing methods. Note: Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount Step by Step Solution
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