Question: Complete BE6-4 on page 294 for Average Cost method and fill in your answers below for the ending inventory AND cost of goods sold. Use
Complete BE6-4 on page 294 for Average Cost method and fill in your answers below for the ending inventory AND cost of goods sold. Use $ sign in your answer and no comma for the 000s. "Note - Your final answer should be rounded to the nearest whole dollar amount. Average Cost Method Ending Inventory value = Average Cost Method Cost of Goods Sold value = Compute ending inventory using FIFO and LIFO. BE6-3 In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8. Assuming there are 380 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Weatherall uses a periodic inventory system. (102) Compute the ending inventory using average-cost (LO 2) BE6-4 Data for Weatherall Company are presented in BE6-3. Compute the cost of the ending inventory under the average-cost method, assuming there are 380 units on hand
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