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Problem A: Compute the cost of goods sold and ending inventory under FIFO, LIFO and Average Cost for the following scenario: Beginning Inventory is $0

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Problem A: Compute the cost of goods sold and ending inventory under FIFO, LIFO and Average Cost for the following scenario: Beginning Inventory is $0 Date Activity Amount Cost per Unit Jan 1 Purchase 100 3.00 Jan 2 Purchase 200 3.40 Jan 3 Sale 150 1 Jan 5 Purchase 200 3.60 Jan 25 Sale 150 Jan 31 Ending inventory in units ??? and unit costs??? SHOW YOUR WORK Problem B: Assume that a physical inventory count of the main warehouse revealed 10,000 units on hand. The following information is important: Goods ordered FOB shipper totaling 3000 units have not arrived. Good sold FOB Destination totaling 5000 units have not arrived at their destination Consigned goods totaling 1200 units were included in the count There were another 2500 units being prepared for shipment sitting in a trailer on the property A box, labeled to contain 200 units and counted as such, was later found to have only 50 units inside What is the correct physical inventory amount? SHOW YOUR WORK

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