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Tamarisk, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 114 units were sold. Date Explanation
Tamarisk, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 114 units were sold. Date Explanation Unit Cost Units 53 $13 May 1 15 Inventory Purchases Total Cost $689 704 44 16 24 Purchases 61 17 1,037 Totals 158 $2,430 Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, eg. 15.647 and final answers to 0 decimal places, eg. 5,125.) FIFO LIFO Average-cost Ending inventory at May 31 $ 748 $ 572 $ 677 Cost of goods sold $ 1938 $ 706 $ 1753 e Textbook and Media Assistance Used Save for Later Attempts: 2 of 3 used Submit
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