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Calculate cogs and ending inventory for march

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Reference no: EM132531226

Inventory records for Marvin Company revealed the following:

March 1 March 10 March 23

Beginning Inventory Purchase

Purchase 1,000

700 $8.00/unit 600 $9.00/unit

Question 1: Marvin sold 1,800 units in March. He uses the periodic method. Calculate his COGS and ending inventory for March using the following methods.

FIFO : COGS $_______________ Ending Inventory $ ___________________

LIFO: COGS $________________ Ending Inventory $ ___________________

Average Cost: COGS $________________ Ending Inventory$

Reference no: EM132531226

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