- n Anthond Using perpetual inventory procedure and the INVENTORY RECORD FORMAT, compute the cast of goods sold for each sale and the ending inventory as of December 31 under Woightod Average, FIFO, and LIFO methods. Weighted Average (or Avg Cost) Method Avg Cost Colculoted as Total Cost/Totel Units (corry unit cost to four decimal places and round totat cost to FIFO Method Problem A Inventory Record Method The following data relate to the beginning inventory, purchases, and sales of Braxton Company for the year: \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline 25 -Nov & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline 22-Dec & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline \end{tabular} Total Cost of Goods Sold Total Cost of Goods Sold Can a company change inventory methods from year to year if they want? How would they do this? - n Anthond Using perpetual inventory procedure and the INVENTORY RECORD FORMAT, compute the cast of goods sold for each sale and the ending inventory as of December 31 under Woightod Average, FIFO, and LIFO methods. Weighted Average (or Avg Cost) Method Avg Cost Colculoted as Total Cost/Totel Units (corry unit cost to four decimal places and round totat cost to FIFO Method Problem A Inventory Record Method The following data relate to the beginning inventory, purchases, and sales of Braxton Company for the year: \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline 25 -Nov & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline 22-Dec & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline \end{tabular} Total Cost of Goods Sold Total Cost of Goods Sold Can a company change inventory methods from year to year if they want? How would they do this