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rt 4: Inventory Valuation Methods (25 Points) pa The following garage door inventory, purchase, and...

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rt 4: Inventory Valuation Methods (25 Points) pa The following garage door inventory, purchase, and sales are taken from the records of Lewis Garage Doors for the month: Cost p October 1: Beginning Inventory Units Unit Total Coat 2,300 $35.00 80,00 October 6 Purchase October 13 Purchase October 20 Purchase 2,800 $36.00 100,800 2,500 $37.00 92,500 2.400 $38.0091.200 10,000 7,500 Total October Sales 365,000 Instructions: Assume that the company uses a periodic inventory system, compute the cost of goods sold and the value of the ending inventory (rounded to 2 decimal places) for each inventory valuation method. Ending inventory: Cost of goods sold: 1. Average Costing omputations: Cost of goods sold Ending Inventory Ending inventory: Cost of goods sold: IFO Costing nputations

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