The periodic inventory records of Saxton Prosthetics indicate the following for the month of December:

$($Click the icon to view the inventory records.$)$

At December $31,$ Saxton counts nine units of inventory on hand.

a$.$ Compute ending inventory and cost of goods sold using the FIFO inventory costing method.

b$.$ Compute ending inventory and cost of goods sold using the weighted$-$average$-$cost method.

Inventory Records

a$.$ FIFO Cost

b$.$ Weighted Average

Ending Inventory

$\backslash$table$[[$December $1,$Beginning inventory,$18$ units at $$55$ each$],[$December $8,$Purchase,$15$ units at $$60$ each$],[$December $15,$Purchase,$12$ units at $$61$ each$],[$December $26,$Purchase,$11$ units at $$62$ each$]]$

Cost of Goods Sold