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Coscutt
Coscutt
04.12.2019 • 
Mathematics

Nittany company uses a periodic inventory system. at the end of the annual accounting period, december 31 of the current year, the accounting records provided the following information for product 1: units unit cost inventory, december 31, prior year 1,950 $ 6 for the current year: purchase, march 21 5,160 8 purchase, august 1 2,850 9 inventory, december 31, current year 4,090required: compute ending inventory and cost of goods sold for the current year under fifo, lifo, and average cost inventory costing methods. (round "average cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.)

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