Requirement 1. Determine the cost of goods sold and ending inventory amounts for May under the average cost, FIFO cost, and LIFO cost. Round average cost per unit to two decimal places, and round all other amounts to the nearest dollar.

Number of units Average cost

Cost of goods sold ________________ ______________

Ending inventory ________________ ______________

Enter any number in the edit fields and then click Check Answer.

May 6 90 tents @ $20 = $1,800

18 100 tents @ $25 = $ 2,500

26 30 tents @ $30 = $ 900