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Units Unit Cost Inventory, December 31, prior year 1,810 $ 7 For the current year: Purchase, March 21 5,050 9 Purchase, August 1 2,930 10
Units Unit Cost Inventory, December 31, prior year 1,810 $ 7 For the current year: Purchase, March 21 5,050 9 Purchase, August 1 2,930 10 Inventory, December 31, current year 4,180 Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. Note: Round "Average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount. rev: 06_02_2022_QC_CS-306255
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