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 Beg Inventory 9 units at $360 each
Feb. 17, Purchase 18 units at $414 each
Jul. 21, Purchase 21 units at $468 each
Nov. 23, Purchase 12 units at $495 each
There are 16 units of the item in the physical inventory at year end, December 31.
Instructions:
Determine the cost of merchandise sold (cost of goods sold) and the cost of the ending merchanise inventory.
the first-in, first-out method
the last-in, first-out method
the average cost method
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