Stocken Company has the following financial records for the current period:

Ending inventory at the end of this period is 350 units. Compute the Ending inventory and the cost of goods sold for the current period using
(a) First-in, first-out.
(b) Average cost, and
(c) Last-in first-out.
(Tip The Ending inventory =$12,900)

Transcribed Image Text:

Units 100 650 550 200 Unit Cost Beginning inventory Purchases: #1 #2 $46 S42 $38 S36