Benson Company, which uses the periodic inventory system, has the following records for the year:

Ending inventory at December 31 is 80 units. Compute the cost of the ending inventory and the cost of goods sold using the following methods:
a. FIFO
b. Weighted-average
c. LIFO

Question

Benson Company, which uses the periodic inventory system, has the following records for the year:
 
 Ending inventory at December 31 is 80 units. Compute the cost of the ending inventory and the cost of goods sold using the following methods:
a. FIFO
b. Weighted-average
c. LIFO

Quizplus · Accepted Answer

The Answer of Benson Company, which uses the periodic inventory system, has the following records for the year:
 
 Ending inventory at December 31 is 80 units. Compute the cost of the ending inventory and the cost of goods sold using the following methods:
a. FIFO
b. Weighted-average
c. LIFO

Benson Company, Which Uses the Periodic Inventory System, Has the Following