The accounting records of Tuel Electronics show the following data.
Beginning inventory |
|
3,880 units at |
$8 |
Purchases |
|
8,660 units at |
$10 |
Sales |
|
9,310 units at |
$13
|
Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method.(Round answers to 0 decimal places, e.g. 125.)
|
|
FIFO
|
|
LIFO
|
|
Average-cost
|
Cost of goods sold |
|
$ |
|
$ |
|
$ |