Homework Answers
| Unit | Unit Cost | Total Cost | |
| Beginning inventory | 2500 | 60 | 150000 |
| Purchase 1 | 4100 | 62 | 254200 |
| Purchase 2 | 2800 | 65 | 182000 |
| Total | 9400 | 586200 | |
Calculate following
| Ending inventory | Cost of Sales | |
| LIFO | 2200*60 = 132000 | 586200-132000 = 454200 |
| Average cost | 586200/9400*2200 = 137196 | 586200-137196 = 449004 |
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