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Seymour Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Seymour Company sold a total
Seymour Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Seymour Company sold a total of 19,200 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.) -X Data Table Average-cost method cost of goods sold = Average-cost method ending inventory = Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. Unit Cost Quantity 6,000 FIFO method cost of goods sold = FIFO method ending inventory = $ 6.00 Beginning inventory Purchases during year 14,000 $ 10.00 Requirement 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. Enter any number in the edit fields and then continue to the next question. Print Done Redule Tequenci. Average-cost method ending inventory = Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. FIFO method cost of goods sold = FIFO method ending inventory = 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 = Enter any number in the edit fields and then continue to the next
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