(a) FIFI

COGS= (100 * $5) + (20 * $5.50) + (41 * $6.00)= $856

Ending Inventory= (36 * $6.25) + (9 * 6) = $279

my question is where does the 9 come from in ending inventory?

For each company, show the complete Balanc 31st, 2016. Also calculate the bad debt expense. e Sheet presentation of accounts receivable at December 2) Ling Industries uses the periodic system and has the following data at the end of the year: CostperUnit #500 nits 100 Beginning Inventory at Jan. 1s, 2016 Inventory Purchases in 2016: April, July October $5.00 -- 500 $5.50 1o $6.00 =300 $6.25 = 422g 20 50 a0 (135 113S According to the December 31t inventory count, ending inventory for 2016 is 45 units. Calculate the dollar amounts of COGS and Ending Inventory under the following methods: (a) (b) (c) FIFO LIFO Average Cost (round numbers to the nearest cent)