Question: Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO and Weighted-Average Refer to the information in E7-3. Assume the company uses a periodic inventory system. Calculate the cost of goods sold and the cost of ending inventory using the FIFO, LIFO, and weighted average cost methods (Round weighted average cost per unit to the nearest tenth of a cent; three decimal places.)
Problem: Calculating Cost of Goods Sold and Ending Inventory under FIFO, LIFO, and Weighted Average (Perpetual Inventory) Given the following information, calculate the cost of ending inventory and cost of goods sold, assuming a perpetual inventory system is used in combination with (a) FIFO, (b) LIFO, and (c) weighted average cost. (Round weighted average cost per unit to the nearest tenth of a cent; three decimal places.)
