HW7A i 1 Saved E7-6 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO,...

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HW7A i 1 Saved E7-6 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2 Help Save & Exit Submit 3 points Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: Units Unit Cost eBook Inventory, December 31, prior year 1,990 $ 7 Purchase, August 1 Print References For the current year: Purchase, March 21 Inventory, December 31, current year Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. Note: Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount. 6,090 6 4,170 2,880 4 Mc Graw Hill Ending inventory Cost of goods sold FIFO LIFO Average Cost < Prev 1 of 2 Next > 1 Check my work HW7A i 1 Saved E7-6 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2 Help Save & Exit Submit 3 points Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: Units Unit Cost eBook Inventory, December 31, prior year 1,990 $ 7 Purchase, August 1 Print References For the current year: Purchase, March 21 Inventory, December 31, current year Required: Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. Note: Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount. 6,090 6 4,170 2,880 4 Mc Graw Hill Ending inventory Cost of goods sold FIFO LIFO Average Cost < Prev 1 of 2 Next > 1 Check my work