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Determine the amount of product costs

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Reference no: EM13932857

Suggs Company sells coffee makers used in business offices. Its beginning inventory of coffee makers was 400 units at $50 per unit. During the year, Suggs made two batch purchases of coffee makers. The first was a 500 unit purchase at $55 per unit; the second was a 600 unit purchase at $58 per unit. During the period, Suggs sold 1,200 coffee makers. 

Required: 

Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Suggs uses
a. FIFO. 
b. LIFO. 
c. Weighted average.

Reference no: EM13932857

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