FIFO and Weighted Average Pricing Questions.

Use both FIFO and Weighted Average Cost for each problem

A company purchased inventory as follows: $100$ units at $$4$ per unit, $150$ units at $$5$ per unit, and $200$ units at $$6$ per unit. They sold $250$ units.

Calculate the cost of goods sold.

Determine the value of the ending inventory.

A company begins with an inventory of $50$ units at $$3$ per unit. During the month, they make the following purchases: $100$ units at $$4$ per unit, $150$ units at $$5$ per unit, and $200$ units at $$6$ per unit. They sell $300$ units.

Calculate the cost of goods sold.

Determine the value of the ending inventory.

A company has the following transactions during the month:

Purchase: $100$ units at $$5$ per unit

Purchase: $150$ units at $$6$ per unit

Sale: $120$ units

Purchase: $200$ units at $$7$ per unit

Sale: $180$ units

$1.$ Calculate the cost of goods sold for each sale.

$2.$ Determine the value of the ending inventory at the end of the month