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Using the FIFO method, calculate the COGS given the following data: Beginning Inventory: 100 units @ $10 each Purchase 1: 200 units @ $12 each

Using the FIFO method, calculate the COGS given the following data:

Beginning Inventory: 100 units @ $10 each

Purchase 1: 200 units @ $12 each

Purchase 2: 150 units @ $15 each

Sales: 300 units

Requirements: Apply the FIFO method to determine the Cost of Goods Sold.

Using the LIFO method, calculate the COGS given the same data as above.

Requirements: Apply the LIFO method to determine the Cost of Goods Sold.

Calculate the COGS using the weighted average cost method given the same data.

Requirements: Use the weighted average cost method to calculate the Cost of Goods Sold.

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