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.

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