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

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Accounting

Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1 :
\table[[,Units,Unit],[Cost,,]]
Required:
Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods.
Note: Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.
\table[[.,,,LIFO,\table[[Average],[Cost]]],[Ending inventory,$,11,280,,],[Cost of goods sold,$,55,140,,]]
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