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Swifty Company had 100 units in beginning inventory at a total cost of $10,000. The company purchased 200 units at a total cost of
Swifty Company had 100 units in beginning inventory at a total cost of $10,000. The company purchased 200 units at a total cost of $26,000. At the end of the year, Swifty had 50 units in ending inventory. (a) Your answer is partially correct. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to O decimal places, e.g. 1,250.) The cost of the ending inventory The cost of goods sold +A FIFO 6500 SA +A LIFO
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