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Selma Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Selma Company sold a total
Selma Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Selma Company sold a total of 18,500 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-cost method cost of goods sold = Average-cost method ending inventory = Requirements Data Table 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. Quantity 4,000 Unit Cost $ 8.00 Beginning inventory Purchases during year 16,000 $ 12.00 Print Done Print Done
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