(Determine cost of units sold and cost of units remaining in inventory using aver- age cost, FIFO, and LIFO cost flow assumptions, LO 1, 2) The following information is provided for Badger Inc. (Badger):

On October 30, 2004, Badger sold 2,400 units of inventory to customers.
Required:
Identify which inventory units would be expensed in October 2004 and which units would be in inventory on October 31, 2004 using the average cost, FIFO, LIFO, and specific identification cost flow assumptions.

Transcribed Image Text:

Badger Inc. Inventory Information For October 2004 Number of units Price paid purchased per unit $ 8 $ 9 900 $10 Purchased on October 8, 2004 Purchased on October 17, 2004 Purchased on October 25, 2004 1,100 1,325