Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2)

Question:

Compute the cost of the and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average cost.
Date Explanation Units Unit Cost Total Cost
June 1 Inventory 225 $ 5 1,125
June 12 Purchases 375 6 2,250
June 23 Purchases 500 7 3,500
June 30 Inventory 180
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...