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Use the following information regarding Tiara Corp. to answer Questions 1 to 3 : Quarter Units held / purchased Unit cost ( $ ) Total

Use the following information regarding Tiara Corp. to answer Questions 1 to 3:
Quarter Units held/purchased Unit cost ($) Total cost ($)
Opening inventory 1530450
11530450
21235420
32025500
43020600
Total 922420
Given that Tiara sold 10,12,15, and 20 units in the four quarters respectively, answer the following questions:
1. Determine ending inventory if the company uses LIFO cost flow assumption.
2. Determine cost of goods sold if the company uses FIFO cost flow assumption.
3. Determine ending inventory if the company uses the weighted average cost flow assumption

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