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Brief Exercise 6-35(Algorithmic) Inventory Costing Methods Tyler Company has the following information related to...

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Accounting

Brief Exercise 6-35(Algorithmic)
Inventory Costing Methods
Tyler Company has the following information related to purchases and sales of one of its inventory items.
\table[[Date,Description,Units Purchased at Cost,Units Sold at Re],[Sept.1,Beginning inventory,400 units @ $12,],[Sept.10,Purchase,600 units @ $14,],[Sept.20,Sales,,],[Sept.25,Purchase,700 units at $15,]]
Assume the company uses a perpetual inventory system.
Required:
Calculate ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods.
FIFO
LIFO
$
$
Avg Cost
$
$
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