Reference no: EM132835531

                                       Units                 Unit Cost               Total Cost

Jan 1 Begin inventory   15                     $4.00               $60

20 Purchase               60                       4.40              264.00

July 25 Purchase         30                        4.20             126.00

Oct 20 Purchase          45                         4.80               216.00

A physical inventory count on dec. 31 showed 50 units on hand

Problem 1: Assume company uses FIFO the value of ending inventory Dec. 31 is

Problem 2: Assume company uses average cost the value of ending inventory Dec 31 is

Problem 3: Assume company uses average cost the value of cost of goods sold for year ended Dec. 31 is

Problem 4: Assume company uses FIFO the value of cost of goods sold for year ended Dec. 31 is