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, Weis Company sold 75 units @ $350 each on November 30, Year 2. The following information is also available: Beginning inventory 30 units @

, Weis Company sold 75 units @ $350 each on November 30, Year 2. The following information is also available:

Beginning inventory

30 units @ $175

February 2 purchase

25 units @ $180

June 15 purchase

40 units @ $200

October 1 purchase

30 units @ $220

Required: a) Determine the amount of cost of goods sold and ending inventory value under each method. Be sure to show your calculations.

1) FIFO

2) LIFO

3) Weighted Average

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