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Question 2 of 3 -18 III View Policies Current Attempt in Progress In its first month of operations, Oriole Company made three purchases of merchandise
Question 2 of 3 -18 III View Policies Current Attempt in Progress In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: 200 units at $10; 250 units at $9; and 300 units at $8. There are 450 units on hand at the end of the period. Oriole uses a periodic inventory system. Calculate the cost of the ending inventory and cost of goods sold under FIFO. FIFO Ending inventory $ Cost of goods sold $ Calculate the cost of the ending inventory and cost of goods sold under weighted average. (Round weighted two decimals places e.g. 52.75 and final answers to 0 decimal places e.g. 5,275.) Weighted average Ending inventory $ Cost of goods sold $ Save for Later Attempts: 0 of: 21 w
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