Spicer Company's inventory records for the most recent year contain the following data:

Spicer Company sold a total of 19,100 units during the year.
Requirements
1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year.
2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year.
3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year.

Transcribed Image Text:

A1 2 Beginning inventory 3 Purchases during year 4 Quantity Unit Cost 5,000 10.00 15,000 12.00