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P6.3A (LO 2) ial Statement Sekhon Company had a beginning inventory on January l of...

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Accounting

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P6.3A (LO 2) ial Statement Sekhon Company had a beginning inventory on January l of 160 Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 July 20 400 units at $23 250 units at $24 Sept. 4 Dec. 2 330 units at $26 100 units at $29 units were sold. Sekhon Company uses a per Instructions mine the cost of goods available for sale. etermine (1) the ending inventory, low mene() the ending inventory, and (2) the cost of goods sold under each of the ae methods(FIFO, LIFO, and average-cost). the FIFO and LIFO methods. O, LIFO, and average-cost). Prove the accuracy of the cost of method results in (1) the highest inventory a ost of goods sold for the income statement? amount for the balance sheet, and 2) the iost low method results in (1) the (2) the highe c. Which

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