Ziad Company had a beginning inventory on January 1 of 150 units of Product 4-18-15 at a cost of $20 per unitDuring the year, the following purchases were made Mar 15 400 units at $23 Sept4 350 units at $26 July 20 250 units at $24 Dec2 100 units at $29 1,000 units were soldZiad Company uses a periodic inventory system. Determine the cost of goods available for sale The cost of goods available for sale $_________ Calculate average cost per unit(Round answer to 2 decimal placeseg. 2.23.) Average cost per unit $________ Determine 1) the ending inventoryand (2) the cost of goods sold under each of the assumed cost flow methods (FIFOLIFOand average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods(Round answers to O decimal places, eg 1,250) FIFO LIFO AVERAGE-COST The ending inventory $_______. $______. $_______ The cost of goods sold $_____. $______. $_______ Which cost flow method results in ) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement?

FIFO $_______

LIFO $_______

Zlad Company had a beginning inventory on January 1 of 150 un its of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made 1,000 units were sold Zad Company uses a period cinventory system. Ziad Company had a beginning inventory on January 1 of 150 units of Product 4-13-15 at a cost of \$20 per unit. During the year, the following purchases were made 1,000 units were sold. Ziad Company uses a periodic inventory system. Your answer is incorrect Determine the cost of goods avalable for sale. The cost of goods avalable for sale $ Calcu ate average cost per unit. (Round answer to 2 decimal places, eg. 2.23.) Average cost per unit \$ Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to O decimal places, ces 1,250) Which cost flow method results in (1) the highest inventory amount for the baiance sheet, and (2) the highest cost of goods sold for the incomestatement? (1) results in the highest inventory amount, $ (2) produces the highest cost of goods soid, \$