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The following information pertaining to the Inventory of Duffy Company is available below: # of units Cost ($) Sales Beg. Inventory ($32 cost per unit)

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The following information pertaining to the Inventory of Duffy Company is available below: # of units Cost ($) Sales Beg. Inventory ($32 cost per unit) 20 $ 640 Purchase #1 ($35 cost per unit) 100 3,500 Purchase #2 ($42 cost per unit) 30 1.260 Cost of goods available for sale 150 5.400 Ending inventory 40 Sold during the year 110 $9.900 During this period, what is the cost of the ending inventory if Duffy uses the first-in, first-out (FIFO) method of determining its inventory costs? O $1.453 $1,340, $1,610 $1,440. Using the information for Duffy Company above, what would be the cost of ending inventory if the last-in, first-out (LIFO) method was used? $1,340. O $1,453 $1,440. $1,610 Question 16 3.45 pts Using the information for Duffy Company above, what would be the cost of ending inventory of the weighted average method was used? $1,610. O $1,340 $1,440. $1,453

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