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Tyler Company has the following information related to purchases and sales of one of its inventory items Date Description Units Purchased at Cost Units Sold

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Tyler Company has the following information related to purchases and sales of one of its inventory items Date Description Units Purchased at Cost Units Sold at Retail Sept. 1 Beginning inventory 400 units @ $15 Sept. 10 Purchase 600 units @ $17 Sept. 20 Sales 710 units @ $29 Sept. 25 Purchase 900 units at $18 Assume the company uses a perpetual inventory system. Required: Calculate ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods. FIFO LIFO Avg Cost Cost of goods sold II Ending inventory

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