Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods:

Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, then (c) FIFO, and finally (d) LIFO. (Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.)

(b) av 0 Data Table Aug 1 Beginning inventory ... 15 Purchase ............. 26 Purchase.................. 6 units @ $ 165 = $ 990 5 units @ 166 = $ 830 9 units @ 175 = $ 1,575 Print Done X E6-31B (similar to) Thames Company's inventory records for its retail division show the following at August 31: BE: (Click the icon to view the accounting records.) At August 31, 8 of these units are on hand. Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, then (C) FIFO, and finally (d) LIFO. (R nearest cent. Round all final answers to the nearest whole dollar.) Number of units Cost of goods sold Ending inventory (b) av 0 Data Table Aug 1 Beginning inventory ... 15 Purchase ............. 26 Purchase.................. 6 units @ $ 165 = $ 990 5 units @ 166 = $ 830 9 units @ 175 = $ 1,575 Print Done X E6-31B (similar to) Thames Company's inventory records for its retail division show the following at August 31: BE: (Click the icon to view the accounting records.) At August 31, 8 of these units are on hand. Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, then (C) FIFO, and finally (d) LIFO. (R nearest cent. Round all final answers to the nearest whole dollar.) Number of units Cost of goods sold Ending inventory