Problem 9-2 Suzanne Corporation showed inventory records as listed below: Date Beginning Inventory January Purchase April Purchase July Purchase October Purchase Units 8,500 25,000 50,000 45,000 30,000 Unit Cost .75 .76 .78 .79 .80 Total Cost 6,000 19,000 39,000 35,550 24,000 123,550 158,000 Total The ending inventory consists of 7,900 units. 4,000 of the ending inventory units are from the January purchase while 3,900 ending inventory units are from the April purchase. Required: 1) Prepare the cost of goods sold section of a multiple step income statement using each of the following methods to price the ending inventory: a) Specific invoice b) Average unit cost c) FIFO d) LIFO LIFO FIFO Average Unit Cost Problem 9 - 2 Speatfio Invoice 6,000 117,550 183,550 Beginning Inventory Plus: Purchases Total Goods Avaialble For Sale Less: Ending Inventory Cost Of Goods Sold 6,082 117,468