Question: Problem 6-63A Inventory Costing Methods Anderson's Department Store has the following data for inventory, purchases, and sales of merchandise for December for one of the
Problem 6-63A Inventory Costing Methods Anderson's Department Store has the following data for inventory, purchases, and sales of merchandise for December for one of the tems the company selis: Activity Units Purchase Price (per unit) $6.00 6.80 7.50 Sale Price (per unit) Beginning inventory Purchase 1, Dec. 2 Purchase 2, Dec. 5 Sale 1, Dec. 7 Sale 2, Dec. 10 10 26 $12.00 12.00 Purchase 3, Dec. 12 8.00 12.00 1. Compute cost of goods sold and the cost of ending inventory using FIFO. Ir reauired, round your answers to the nearest cent Cost of goods sold Cost of ending inventory using the weighted average cost method. (Note: Use four decimal places for per-unit caliculations and round all other numbers to the neerest penny.) Cost of goods sold Ned
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