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the number that is covered is $12.50 Part 2: During 2018, Kaplan Co. sold 19,000 units of its product. The following units were on hand

image text in transcribedthe number that is covered is $12.50

Part 2: During 2018, Kaplan Co. sold 19,000 units of its product. The following units were on hand or purchased during the year UnitsCost per Total Cost $137,500 $178,100 $296,000 10,000 $15.35 $153,500 $765,100 Beginning inventory (1/1/2018) Purchase #1: (3/2/18) Purchase #2: (7/15/18) Purchase #3: (11/31/18) 11,000 13,000 20,000 $13.70 $14.80 Total Available for Sale 54,000 Less Sold Ending Inventory Required: In the table above, fill in the number of units sold and the number of units in Ending Inventory. Calculate ending inventory and cost of goods sold for the next 3 questions 1) If the company used the LIFO method, what is the value of ending inventory and cost of goods sold? 2) If the company used the FIFO method, what is the value of ending inventory and cost of goods sold? 3) If the company used the average cost method, what is the value of ending inventory and cost of goods sold? Please round your calculated average cost per unit to 4 decimals (example - $18.7915) Average Cost per unit

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