Note: The average cost per unit based on the total units and COGAFS is $$54.$ Inventory Calculation: Springrieid Pharmacy Degan the year with $3$ Uov units of test kits $($Proauct $A)$ in

inventory with a unit cost of $$40.$ The following additional purchases of Product A were made during the

following months: April $1$st$,200$ units @ $$50$ each, July $1$st$,300$ units @ $$55$ each, September $15$th$,350$

units @ $$60$ each, and November $20$th$,200$ units @ $$65$ each.

Question: At the end of the year, Springfield Pharmacy had $400$ units of Product A unsold. Calculate the

cost of ending inventory and the cost of goods sold using the following methods:

First$-$in$,$ first$-$out $($FIFO$)$

Last$-$in$,$ first$-$out $($LIFO$)$

Weighted average

Note: For this activity, the following abbreviations will be used: Cost of goods available for sale $($COGAFS$)$

and cost of goods sold $($COGS$).$ FIFO: $400$ Units left in Inventory

Complete the LIFO calculations in the following table:

LIFO: $400$ Units left in Inventory

Weighted Average: $400$ Units left in Inventory