Use the data for Kens in Exercise to answer the following:

Requirements
1. Compute cost of goods sold and ending inventory, using each of the following methods:
a. Specific unit cost, with three $150 units and six $160 units still on hand at the end.
b. Average cost.
c. First-in, first-out.
d. Last-in, first-out.
2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goodssold?

Dec 1 Beginning inventory 5 units @ $150 = $ 750 15 Purchase 26 Purchase 12 units @ 160.. $1,920