In its first month of operation, Bossier Corporation purchased the following inventory

available for sale:

Quantity Price per Unit

Day $15,000$ $ $6\mathrm{.}50$

Day $56,000$ $ $8\mathrm{.}00$

Day $84,000$ $ $8\mathrm{.}25$

Total $15,000$

The company sold $8,000$ units during the first month.

Required:

Calculate the dollar value of cost of goods sold, ending inventory and goods available for

sale for each of the following cost flow assumptions:

LIFO FIFO

Weighted

Average

Ending Inventory

Cost of Goods Sold

Goods Available for Sale