Question: QUESTION 17 (27 points, 9 each) Using periodic inventory, beginning inventory and purchases are shown below: Price Units $7.30 $8,030 1,100 Jan 1. Feb 7.

QUESTION 17 (27 points, 9 each) Using periodic inventory, beginning inventory and purchases are shown below: Price Units $7.30 $8,030 1,100 Jan 1. Feb 7. July 10. Nov 25. Beginning inventory Purchase Purchase Purchase Total: 1,450 1,600 1.000 5,150 $7.60 $8.20 $9.00 $11,020 $13,120 $9.000 $41,170 At December 31 the ending inventory consisted of 1.500 units. a. Find cost of goods sold based on the average-cost method: S b. Find cost of goods sold for the current year based on the LIFO method: $ c. Find ending inventory based on the FIFO method: $

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