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The accounting records of Coronado Industries show the following data. Beginning inventory 2,840 units at $6 Purchases 7,980 units at $8 Sales 8,511 units at
The accounting records of Coronado Industries show the following data. Beginning inventory 2,840 units at $6 Purchases 7,980 units at $8 Sales 8,511 units at $11 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. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods sold $
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