Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Inventory:
January 1: 1,000 units at $30 per unit.
Feb.2: sold 400 units
Apr.6: purchase 1,800 units at $32
July 10: sold 1,600 units
Aug.9: purchase 800 units at $36
Oct.23: sold 800
Dec.30: purchase 1,200 units at $39
Total units= 4,800 units
Ending inventory= 2,000 units
A) FIFO method
Cost of goods sold= 1,000*30 + 1,800*32= 87,600
Inventory= 800*36 + 1,200*39= 75,600
B) LIFO
COGS= 1,200*39 + 800*36 + 800*32= 101,200
Inventory= 1,000*32 + 1,000*30= 62,000
C) Weighted average
Weighted price= (30 + 32 + 36 + 39)/4= $34.25
COGS= 2,800*34.25= 95,900
Inventory= 2,000*34.25= 68,500
