Feb 5 - 200 units @ $2.00 each = $400
Mar 6 - 500 units @ $4.00 each = $2,000
Apr 9 - 400 units @ $6.00 each = $2,400
Jun 7 - 300 units @ $7.00 each = $2,100
On June 30, there are 350 units in ending inventory.
What is the value of ending inventory using FIFO?
What is the value of ending inventory using LIFO?
What is the COST OF GOODS SOLD using average cost?