Question: 75 words Question 42 12 pts INVENTORY (12 points) Erving Company had a beginning inventory of 600 units at a cost of $8 per unit

75 words Question 42 12 pts INVENTORY (12 points) Erving Company had a beginning inventory of 600 units at a cost of $8 per unit on August 1. During the month, the following purchases and sales were made. WE Purchases Sales Aug 6 400 units at $9. Aug 9 400 units Aug 17 800 units at $8 Aug 13 500 units Aug 22 200 units at $10 Aug 19 600 units Aug 26 300 units Erving uses a periodic Inventory system. NON E N Instructions: Determine ending inventory and cost of goods sold under (1) average cost. (2) FIFO, and (3) LIFO. BIVAAI EE 3 . 3 - V T T: 12pt Paragraph

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