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  3. hamilton company uses a periodic inventory system.

Hamilton Company uses a periodic inventory system. At the end of the annual accounting peric...

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Accounting

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Hamilton Company uses a periodic inventory system. At the end of the annual accounting peric 31 of the current year, the accounting records provided the following information for product 1: Units Unit Cost $7 Inventory, December 31, prior year For the current year: 1,930 Purchase, March 21 Purchase, August 1 6,180 4,030 2,810 Inventory, December 31, current year Required: Compute ending inventory and cost ef goods sold under FIFO, LIFO, and average cost inventor methods. ( Round "Average cost per unit" to 4 decimal places and final answers to nearest dollar amount.) Average Cost FIFO LIFO Ending inventory 11.3209,132 Cost of goods sold $ 55, 15,395 51,315 390 $ 47,578

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