The following data are available for the month of January for XYZ Company: Compute the COGS and value of ending inventory under FIFO, LIFO and

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The following data are available for the month of January for XYZ Company: Compute the COGS and value of ending inventory under FIFO, LIFO and Avg Cost. Also, Provide the relevant entries at Jan. 1, 10, 20 & 22 for XYZ assuming FIFO is used. All purchases and sales are for cash. January 1 purchase 400 units at 10TL each January 10 purchase 1,600 units at 12 TL each January 20 sale 550 units at 25 TL each January 22 Sale returned (wrong size) 50 units

PERPETUAL	FIFO	LIFO	AVG COST
COGS
ENDING INVENTORY