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Sully Company's inventory records for the most recent year contain the following data: B (Click the icon to view the data.) Sully Company sold a
Sully Company's inventory records for the most recent year contain the following data: B (Click the icon to view the data.) Sully Company sold a total of 19,200 units during the year. Read the requirements. Requirement 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. (Round the average cost per unit to the nearest cent.) Using the average-cost method, the cost of goods sold is $ and the ending inventory is $ Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. Using the FIFO method, the cost of goods sold is $ and the ending inventory is $ Requirement 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. Using the LIFO method, the cost of goods sold is $ and the ending inventory is $ g ipventorv is. $ X -er e i Data Table - ory er Quantity Unit Cost or 2,000 $ 16.00 Beginning inventory Purchases during year 18,000 $ 18.00 Print Done
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