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Discuss the cost of goods sold under fifo and lifo

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Exercise 6-7 Lisa Company had 177 units in beginning inventory at a total cost of $19,293. The company purchased 354 units at a total cost of $48,498. At the end of the year, Lisa had 142 units in ending inventory.

(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.)

Reference no: EM131820593

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