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units COGS End Inventory Total The units of an item available for sale during the year were as follows: 1/1/2021 Inventory 50 units at $108/unit

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units COGS End Inventory Total The units of an item available for sale during the year were as follows: 1/1/2021 Inventory 50 units at $108/unit 3/10/2021 Purchase Purchase 60 units at $120/unit 8/30/202 Purchase 10 units at $128/unit 12/12/2021 Purchase 80 units at $132/unit 1/1/2021 3/10/2021 8/30/2021 12/12/2021 Inventory units unil cost 50 S 108 60 S 120 10 S 128 90 S 132 FIFO LIFO WA 12/31/2021 210 The periodic inventory system is used. There are 60 units of the item in the physical inventory at December 31, 2021. Determine the ending inventory cost and the cost of goods sold by three methods (FIFO, LIFO, Weighted Average). FIFO LIFO WEIGHTED AVERAGE COGS units COGS units + Total S available for sale Total units available units units units units units /unit /unit /unit /unit /unit = /unit /unit units units units units units /unit + * COGS units /unit End Inventory End Inventory units End Inventory units units * /unit = units /unit / units units units unit = unit = Total = Total = Total =

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