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The units of an item available for sale during the year were as follows: ...

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Accounting

The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 40 units at $94
Mar. 10 Purchase 60 units at $106
Aug. 30 Purchase 30 units at $114
Dec. 12 Purchase ,70 units at $120
There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used.
Determine the ending inventory cost and the cost of goods sold by three methods. In your calculations round average unit cost to the nearest cent, and round other calculations and your final answers to the nearest dollar.
\table[[Cost of Ending Inventory and Cost of Goods Sold],[Inventory Method Ending Inventory Cost of Goods Sold],[First-in, first-out (FIFO) $
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