Assignment $3($Chapters $6,8$ & $9)$

Question $2$ of $5$

$/2$

Current Attempt in Progress

Bridgeport Vision Inc. opened for business on Jan $1,$ and uses a perpetual inventory system. During January, the company had the following purchases and sales for one of its products:

Purchases Sales Date Units Unit Cost Units Unit Price Jan. $11,407$ $$257607$ $$9514800271692935171,200752752128301,52875$

Question $2$ of $5$

$($a$)$

Determine the cost of goods sold and cost of ending inventory using $(1)$ FIFO and $(2)$ average cost. Ignore the effect of income tax. $($Round average cost answers to $2$ decimal places, e$.$g$.5,275\mathrm{.}75.)$

Attempts: $0$ of $2$ used