Business, 23.04.2020 05:15, larahanna

Lisa Company uses the periodic inventory system and had 100 units in beginning inventory at a total cost of $10,000. The company purchased 200 units at a total cost of $26,000. At the end of the year, Lisa had 80 units in ending inventory.

Required:

a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to 0 decimal places, e. g. 1,250.)

Answers: 3

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Lisa Company uses the periodic inventory system and had 100 units in beginning inventory at a total...