Question

2 of 4 (2 complete) XE6-31B (similar to) Richmond Company's inventory records for its retail division show the following at July 31: T ack the loon to view the accounting records) Al July 31, 11 of these units are on hand, Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average LIFO. Round the average cost per unit to the nearest cont Round all final answers to the nearest whole dollar) Number of units 16 Specific identification Cost of goods sold Ending inventory Data Table Jul 1 Beginning inventory 9 units @ $ 165 - $ 1,485 15 Purchase 5 units @ 166 = $ 830 26 Purchase ... 13 units 175 = $ 2.275 Print Done Enter any number in the edit fields and then click Check Answer 6 O remaining parts Clear All