At the beginning of the current period, a company carried 20…
At the beginning of the current period, a company carried 200 units of product with a unit cost of $5 per unit. The following is a summary of purchases for the month: 1/6 Bought 170 units @ $6.00 1/11 Bought 190 units @ $7.00 1/20 Bought 150 units @ $8.00 During the month, 470 units were sold for $11.00 per unit. Assume periodic inventory is used and round any unit costs for weighted average to four decimals. Round Ending Inventory and Cost of Goods sold to the nearest dollar. What is Ending Inventory under FIFO $ What is Cost of Good Sold under FIFO $ What is Ending Inventory under LIFO $ What is Cost of Goods Sold under LIFO $ What is Ending Inventory under Weighted Average $ What is Cost of Goods Sold under Weighted Average $