Calculate cost of goods sold and ending inventory for Emergicares bandages orders using FIFO, LIFO...
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Accounting
Calculate cost of goods sold and ending inventory for Emergicares bandages orders using FIFO, LIFO and average cost. There are 33 units in ending inventory. (Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent.)
| Date | Units purchased | Cost per unit | Total cost | ||||
| January 1 | 41 | $ | 7.80 | $ | 319.80 | ||
| April 1 | 36 | 7.05 | 253.80 | ||||
| June 1 | 51 | 6.80 | 346.80 | ||||
| September 1 | 46 | 7.30 | 335.80 | ||||
| Total | 174 | $ | 1,256.20 | ||||
| Cost of goods sold | Ending inventory | |
| FIFO | ||
| LIFO | ||
| Average cost |
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