Determine cost of goods sold during the period


The accounting records of Tuel Electronics show the following data.

Beginning inventory
3,880 units at $8
Purchases
8,660 units at $10
Sales
9,310 units at

$13

Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method.(Round answers to 0 decimal places, e.g. 125.)



FIFO


LIFO


Average-cost

Cost of goods sold
$
$
$

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Accounting Basics: Determine cost of goods sold during the period
Reference No:- TGS0696373

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