Mar 1	Beginning inventory . . .	10	units @	$160	=	$1,600
15	Purchase . . . . . . . . . . . .	5	units @	161	=	$805
26	Purchase . . . . . . . . . . . .	14	units @	170	=	$2,380

Big Fish comma Inc.Big Fish, Inc.?'s

inventory records for a particular development program show the following at

MarchMarch

?31:

At

MarchMarch

?31,

1111

of these programs are on hand.

Requirements

1.	Compute cost of goods sold and ending? inventory, using each of the following? methods:
	a.	Specific unit? cost, with sevenseven $ 160$160 units and fourfour $ 170$170 units still on hand at the end
	b.	Average cost
	c.	?First-in, first-out
	d.	?Last-in, first-out
2.	Which method produces the highest cost of goods? sold? Which method produces the lowest cost of goods? sold? What causes the difference in cost of goods? sold? 1. Compute cost of goods sold and ending? inventory, using each of the following four inventory? methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using? (a) specific unit? cost, then? (b) average? cost, then? (c) FIFO, and finally? (d) LIFO. ?(Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole? dollar.)