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The inventory records for Radford Co. reflected the following Beginning Inventory @ May 1 2,000 units @ $5.60 First Purchase @ May 7 2,100 units

The inventory records for Radford Co. reflected the following

Beginning Inventory @ May 1 2,000 units @ $5.60
First Purchase @ May 7 2,100 units @ $5.80
Second Purchase @ May 17 2,300 units @ $5.90
Third Purchase @ May 23 1,900 units @ $6.00
Sales @ May 31 6,300 units @ $7.50
9. Required information
Determine the weighted average cost per unit (rounded) for May.
$5.83 $5.77 $5.90 $7.50 10. Required information Determine the amount of cost of goods sold assuming the LIFO cost flow method. $37,800 $37,150 $36,540 $35,280 11. Required information Determine the amount of ending inventory assuming the FIFO cost flow method. $12,000 $11,990 $11,200

$7,100

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