Compute cost of ending inventory and cost of goods

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Reference no: EM13905651

Lisa Company 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 85 units in ending inventory.

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.)

The cost of the ending inventory

$ FIFO

$ LIFO

$ Average-cost

The cost of goods sold

$ FIFO

$ LIFO

$ Average-cost

Reference no: EM13905651

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