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Simpson Company's inventory records for the most recent year contain the following data EEB (Click the icon to view the data.) Simpson Company sold a
Simpson Company's inventory records for the most recent year contain the following data EEB (Click the icon to view the data.) Simpson Company sold a total of 18,600 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 ) Using the average-cost method, the cost of goods sold is sand the ending inventory is s Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year Using the FIFO method, the cost of goods sold is s Requirement 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year using the LIFO method, the cost of goods sold is S | | and the ending inventory is S S ] and the ending inventory is $ Data Table Quantity Unit Cost Beginning inventory2.000 s 800 Purchases duringyear 18 000 s 1000 Print Done
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