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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 period,...

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Accounting

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Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current accounting records provided the following information for product 1: Units 1,970 Unit Cost $6 Inventory, December 31, prior year For the current year Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 5 6,190 4,060 2,900 Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. (Round "AV cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Average Cost Ending inventory Cost of goods sold

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