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The units of an item available for sale during the year were as follows: Jan. 1 Inventory 4 0 units at $ 9 4 Mar.
The units of an item available for sale during the year were as follows:
Jan. Inventory units at $
Mar. Purchase units at $
Aug. Purchase units at $
Dec. Purchase units at $
There are units of the item in the physical inventory at December The periodic inventory system is used.
Determine the ending inventory cost and the cost of goods sold by three methods. In your calculations round average unit cost to the nearest cent, and round other calculations and your final answers to the nearest dollar.
tableCost of Ending Inventory and Cost of Goods SoldInventory Method Ending Inventory Cost of Goods SoldFirstin firstout FIFO $
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