Autok Fabricators, Inc. has 10 units in beginning inventory costing $45 each. It purchased 90 more for $36 each during the month. The company sold 80 units during the month. Autok used a periodic inventory system.
Calculate cost of goods sold using:
a. FIFO
b. Weighted-average cost
c. LIFO

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The Answer of Autok Fabricators, Inc. has 10 units in beginning inventory costing $45 each. It purchased 90 more for $36 each during the month. The company sold 80 units during the month. Autok used a periodic inventory system.
Calculate cost of goods sold using:
a. FIFO
b. Weighted-average cost
c. LIFO