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August 1 Beginning inventory 80 units of Product A@ $1,600 total cost 5 Purchased 100...

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Accounting

August 1 Beginning inventory 80 units of Product A@ $1,600 total cost 5 Purchased 100 units of Product A@ $2,116 total cost 8 Purchased 200 units of Product A@ $4,416 total cost 11 Sold 150 units of Product A Calculate the August cost of goods sold and the ending inventory at August 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar. A. First-in, first-out Ending Inventory Answer 0 Cost of Goods Sold Answer 0 B. Last-in, first-out Ending Inventory Answer 0 Cost of Goods Sold Answer 0 C. Weighted-average cost Ending Inventory Answer 0 Cost of Goods Sold Answer 0

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