Purchase Date Quantity Price Total Begin 100 $20 = $2,000 Mar 15 300 $23 = $6,900 July 20 250 $25 = $6,250 Sep 4 290 $28 = $8,120 Dec 2 130- $30 $3,900 Assume that they counted 270 units in ending inventory Using FIFO = = = Using LIFO = Using Weighted Average Total Costs Total Units Ending Inventory Cost of Goods Sold = = per unit Ending Inventory Cost of Goods Sold Ending Inventory Cost of Goods Sold Ending Inventory Cost of Goods = Sold