accounting records provided the following information for product 1: Units 1,970 Unit Cost Inventory, December...
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accounting records provided the following information for product 1: Units 1,970 Unit Cost Inventory, December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 5,150 2,910 4,160 Required: Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO (Round "Average cost per unit" to 2 decimal places and final answers to nearest whol FIFO LIFO Average Cost Ending inventory Cost of goods sold
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