Using the information below, compute the cost of goods sold and ending inventory using FIFO $($First$-$In$,$ First$-$Out$),$ LIFO $($Last$-$In$,$ First$-$Out$),$ and weighted average. Use the Excel template provided in Blackboard.

ACCT$205-$ Portfolio Project Directions and Rubric

$3$

$\backslash$table$[[$Date$,$Activity,Information$],[$Aug$.1,$Beginning Inventory,$15$ units @ $$100$ per unit$],[$Aug$.5,$Purchased Inventory,$25$ units @ $$125$ per unit$],[$Aug$.12,$Sold Inventory,$9$ units sold @ $$175$ per unit$],[$Aug$.21,$Purchased Inventory,$12$ units @ $$75$ per unit$],[$Aug$\mathrm{.}30,$Sold Inventory,$18$ units sold @ $$200$ per unit$]]$