Question Purchased Beginning Inventory January February March Units Available for Sale Units on Hand Units Sold in April Beginning Inventory and Purchases O Specific ID O FIFO OLIFO Units Unit Cost O Weighted average 75 120 $175 100 $95 80 375 $125 125 Ending Inventory 250 $100 Total Cost $9,375 $21,000 $9,500 $8,000 Which inventory method was used to calculate cost of goods sold, based on the information above? $47.875 Cost of Units on Hand $ Cost of Goods Sold $35.600

Which inventory method was used to calculate cost of goods sold, based on the information aboje? Specific ID FIFO LIFO Weighted average