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The accounting records of Concord Corporation show the following data. Beginning inventory 2,820 units at $7 Purchases 8,120 units at $9 Sales 9,838 units at
The accounting records of Concord Corporation show the following data. Beginning inventory 2,820 units at $7 Purchases 8,120 units at $9 Sales 9,838 units at $12 (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost =???? Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (Round answers to 0 decimal places, e.g. 125.)
FIFO = ?
LIFO = ?
Average-cost = ?
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