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Toews Company's inventory records for the current year are as follows: Number of Units Cost per Unit Total Cost Beginning inventory 2,000 $5.00 $10,000 First

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Toews Company's inventory records for the current year are as follows: Number of Units Cost per Unit Total Cost Beginning inventory 2,000 $5.00 $10,000 First purchase 3,000 $4.50 13,500 Second purchase 2,000 $4.30 8,600 Third purchase 4,000 16,000 Fourth purchase 4.000 $3.50 14,000 Goods available for sale 15,000 $62,100 Units sold during the year (12,000) Units in inventory at end of year 3,000 $4.00 Compute the cost of ending inventory, using the Weighted Average costing method. Choose... 4 Compute the cost of ending inventory using the FIFO costing method. Choose... Compute the cost of ending inventory using the LIFO costing method. Choose... 4

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