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Using the table below, calculate the following: 1. Cost of Goods Sold using FIFO 2. Ending Inventory using FIFO 3. Cost of Goods Sold using
Using the table below, calculate the following: 1. Cost of Goods Sold using FIFO 2. Ending Inventory using FIFO 3. Cost of Goods Sold using LIFO 4. Ending Inventory using LIFO 5. Cost of Goods Sold using Moving Average 6. Ending Inventory using Moving Average ROUND YOUR ANSWER TO 2 DECIMAL PLACES - DO NOT USE DOLLAR SIGNS SS Date Description Units Purchased Purchase Price Units Sold Selling Price 5/1 Beg. Inv. 100 $5.00 5/3 Purchase 80 $14.00 5/4 Sale 50 $15.00 5/10 Purchase 110 $15.00 5/16 Sale 100 $15.00 5/19 Sale 75 $15.00 5/30 Purchase 60 $16.00
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