Question: Calculating Cost of Goods Sold and Ending Inventory under FIFO, LIFO, and Weighted Average (Perpetual Inventory) Given the following information, calculate the cost of ending inventory and cost of goods sold, assuming a perpetual inventory system is used in combination with
(a) FIFO,
(b) LIFO, and
(c) weighted average cost.
(Round weighted average cost per unit to the nearest tenth of a cent; three decimal places.)
