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QUESTION 7 Dunbar Company has the following inventory records for the month ending July 31, 2021: Units 200 90 Beginning Inventory Purchase #1 Purchase #2
QUESTION 7 Dunbar Company has the following inventory records for the month ending July 31, 2021: Units 200 90 Beginning Inventory Purchase #1 Purchase #2 Purchase #3 Total Unit Cost $70 $60 $65 $62 Total Cost $14,000 5,400 2,600 3.100 $25,100 40 50 380 Dunbar sold 220 units during July. Compute the following amounts and round (if necessary) to whole dollars. A. Ending inventory using FIFO. B. Cost of goods sold using FIFO. C. Ending inventory using LIFO. D. Cost of goods sold using LIFO. E. Ending inventory using average cost (round average unit cost to nearest penny). F. Cost of goods sold using average cost
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