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Trooper company has provided the following inventory data for the year: transaction units cost per unit 1/1 balance 50 $8 2/14 sale 25 5/23 purchase

Trooper company has provided the following inventory data for the year: transaction units cost per unit 1/1 balance 50 $8 2/14 sale 25 5/23 purchase 100 $10 8/21 sale 50 11/5 purchase 25 $14 11/18 sale 95

required: compute the cost of goods sold and the ending inventory using periodic inventory system for each of the following cash flow assumptions: a. FIFO b. LIFO c. weighted average

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