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McCaffy Company uses a periodic inventory system. It sold 1,000 units of Product H. Its beginning...

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Accounting

McCaffy Company uses a periodic inventory system. It sold 1,000units of Product H. Its beginning inventory and purchases duringthe month were as follows: April 1 Beginning inventory 200 units @$1 5 Purchases 200 units @ $2 10 Purchases 200 units @ $3 15Purchases 200 units @ $4 20 Purchases 200 units @ $5 25 Purchases200 units @ $6 Compute the cost of the ending inventory under eachof three methods: (a) average-cost, (b) LIFO, and (c) FIFO.

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