Homework Answers
Calculate following
| FIFO | LIFO | Average cost | |
| Ending inventory | 175*14 = 2450 | 175*11 = 1925 | 12.42*175 = 2174 |
| Cost of goods sold | 12105-2450 = 9655 | 12105-1925 = 10180 | 12.42*800 = 9936 |
Cost per unit = 12105/975 = 12.42
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