View Policies

Show Attempt History

Current Attempt in Progress

Lily Company had $100$ units in beginning inventory at a total cost of $$10,000.$ The company purchased $200$ units at a total cost of $$26,000.$ At the end of the year, Lily had $90$ units in ending inventory.

$($a$)$

Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average$-$cost$.($Round average$-$cost per unit and final answers to $0$ decimal places, e$.$g$.1,250.)$

$\backslash$table$[[$The cost of the ending$],[$inventory$],[$The cost of goods sold$],[$eTextbook and Media$],[$Attempts: $0$ of $5$ used$]]$

$($b$)$