• Question: 9. Purchases and sales during a recent period for Bottineau Inc. were Purchases During the Period Sales During the Period 1st purchase 1,500 units x $ 4 1st sale 700 units x $13 2nd purchase 2,100 units x $ 9 2nd sale 1,500 units x $15 3rd purchase 800 units x $ 7 3rd sale 1,200 units x $18 4th purchase 1,300 units x $ 11 4th sale 1,000 units x $21 5,600

  

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9. Purchases and sales during a recent period for Bottineau Inc. were Purchases During the Period Sales During the Period 1st purchase 1,500 units $ 4 1st sale 700 units $13 2nd purchase 2,100 units $ 9 2nd sale 1,500 units x $15 3rd purchase 800 units $ 7 3rd sale 1,200 units $18 4th purchase 1,300 units x $ 11 4th sale 1,000 units $21 5,600 units 4,400 units Beginning inventory was 400 units at $2 each. Given this information, compute (1) the ending inventory, and (2) the cost of goods sold under the two cost formulas (FIFO and weighted average cost).