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Inventory Costing Methods-Perpetual Method The following information is for the Toon Company for the year;...

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Accounting

Inventory Costing Methods-Perpetual Method The following information is for the Toon Company for the year; the company sells just one product:
Units Unit Cost
Beginning Inventory Jan. 1200 $112
Purchases: Feb. 11500 $113
May 18400115
Oct. 23100118
Sales: March 1400
July 1400
Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods.
Do not round until your final answers. Round your final answers to the nearest dollar.
A. First-in, First-out:
Ending Inventory Answer
0
Cost of goods sold Answer
0
B. Last-in, first-out:
Ending Inventory Answer
0
Cost of goods sold Answer
0
C. Weighted Average
Ending Inventory Answer
0
Cost of goods sold Answer
0

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