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Use Excel and show all computation bases. Preparing a same type of table for each of the FIFO, LIFO, and average costing methods is suggested.

Use Excel and show all computation bases. Preparing a same type of table for each of the FIFO, LIFO, and average costing methods is suggested.

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Please compute (1) Cost of goods sold (COGS), and (2) Ending inventory (EI) costs for the following case using (a) FIFO, (b) LIFO, and (c) average costing methods: Case: Date Transaction Units Unit Cost Unit Selling Price 9-1 BI $ 800 1,025 9-3 Purchase 9-17 Sale $1,500 9-22 Purchase 9-26 1,100 1,200 1,450 9-29 1,500 9-30 Sale

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