Oriole Company Inc. had a beginning inventory of 115 units of Product RST at a cost...

 

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Oriole Company Inc. had a beginning inventory of 115 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 May 5 640 units at 580 units at $10 $11 Aug. 12 Dec. 8 450 115 units at units at Oriole Company uses a periodic inventory system. Sales totaled 1,520 units. $12 $13 b) Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to O decimal places, e.g. 150.) Ending inventory ta Cost of goods sold $ GA FIFO $ tA tA LIFO LA $ LA AVERAGE-COST Oriole Company Inc. had a beginning inventory of 115 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 May 5 640 units at 580 units at $10 $11 Aug. 12 Dec. 8 450 115 units at units at Oriole Company uses a periodic inventory system. Sales totaled 1,520 units. $12 $13 b) Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to O decimal places, e.g. 150.) Ending inventory ta Cost of goods sold $ GA FIFO $ tA tA LIFO LA $ LA AVERAGE-COST

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