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The accounting records of Metlock, Inc. show the following data. Beginning inventory 4,000 units at $4 Purchases 8,500 units at $6 Sales 10,700 units at
The accounting records of Metlock, Inc. show the following data.
Beginning inventory | 4,000 units at | $4 | |
Purchases | 8,500 units at | $6 | |
Sales | 10,700 units at | $9 |
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.)
Cost of goods sold |
---|
FIFO___________ LIFO____________ Average-cost______________
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