Hello,
I need a help with the following question. I tried myself to computed but it doesn’t look right.
The company has the following financial records for the current period:
Units
Unit Cost
Total Cost
Beginning Inventory
150
$100
$15,000
Purchases: #1
600
$96
$57,600
#2
500
$92
$46,000
#3
250
$90
$22,500
Ending inventory is 350 units. Compute the ending inventory and cost of goods sold for the current period using A) FIFO method, B) Average Cost, C) LIFO method.
