The following information applies to Westbest Company.

Beginning inventory

150 units @ $25 each

Purchases

550 units @ $28 each

Westward sold 625 units of inventory during the year.

a.Determine the cost of goods sold assuming a FIFO cost flow.

b.Determine the ending inventory assuming a FIFO cost flow.

c.Determine the cost of goods sold assuming a LIFO cost flow.

d.Determine the ending inventory assuming a LIFO cost flow.