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Spencer Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Spencer Company sold a total
Spencer Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Spencer Company sold a total of 20,700 units during the year. Read the requirements. X inve Requirements Data Table X sto Unit Cost Fy fd Quantity 6,000 $ 6.00 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. Beginning inventory Purchases during year 18,000 8.00 Print Done Print Done
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