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The records of Extreme Company showed the following: Units Unit cost Total cost 1 60 January April October Beginning Purchase 1 10,000 18,000 22,000 50

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The records of Extreme Company showed the following: Units Unit cost Total cost 1 60 January April October Beginning Purchase 1 10,000 18,000 22,000 50 600,000 900,000 880,000 1 Purchase 40 The physical inventory reveals 15,000 units on hand on December 31, 2020. Compute the cost of ending inventory and cost of sales using: Inventory Cost Flow Ending Inventory Cost of Goods Sold First in, first out (FIFO) [b] [a] [C] [d] Weighted average Last in, first out (LIFO) [e] [1]

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