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The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory: Beginning units per July 1 inventory

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The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory: Beginning units per July 1 inventory $13 unit 35@ units per 10 Purchased 55 @ $14 unit units 15 Sold 65@ units per 26 Purchased 30@ $15 unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar A. First-in, First-out Ending Inventory A Support units per 26 Purchased $15 unit 30@ Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar. A. First-in, First-out: $ Ending Inventory $ Cost of Goods Sold: B. Last-in, first-out Ending Inventory $ Cost of Goods Sold: C. Weighted-average cost: Ending Inventory $ Cost of Goods Sold Check Support X X HA A LA tA

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