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This Question: 6 pts 17 of 27 (0 complete) Stratton Company's inventory records for the most recent year contain the following data: B (Click the
This Question: 6 pts 17 of 27 (0 complete) Stratton Company's inventory records for the most recent year contain the following data: B (Click the icon to view the data.) Stratton Company sold a total of 19,600 units during the year. Data Table Read the requirements Unit Cost 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 Beginning inventory Purchases during year Quantity 4,000 16,000 8.00 12.00 $ Print Done 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 $
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