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Saxton Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Saxton Company sold a total
Saxton Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Saxton Company sold a total of 18,100 units during the year. Read the requirements. Requirement 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. (Round the average cost per unit to the nearest cent.) Average-costmethodcostofgoodssold=Average-costmethodendinginventory=$$348,968133,032 Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. FIFO method cost of goods sold =$344,000 FIFO method ending inventory =$138,000 Requirement 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. LIFO method cost of goods sold = LIFO method ending invetory =
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