Stocken Company

Stocken Company has the following financial records for the current period: Units Beginning inventory Purchases: #1 Unit Cost 100 $46 650 #2 #3 550 200 $42 $38 $36 Ending inventory at the end of this period is 350 units. Compute the ending inventory and the cost of goods sold for the current period using (a) first-in, first-out. (b) Average cost, and (c) last-in, first-out. (Tip The Ending inventory = $12,900)