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Assignment: Inventory Valuation Methods Sanchez Company has the foltowing inventory information. Sanchez Company uses a periodic inventory system. Instructions 1. Compute cost of goods available for sale and the number of units avallable for sale. 2. Compute the number of units in ending inventory. 3. Compute the cost assigned (round all amounts to cents) to ending inventory using: a. FIFO, b. LIFO, c. Weighted average, and d. Specific identification. i. Assume ending inventory is: 1. 100 units: April 7 purchase, 2. 50 units: April 23 purchase, ard 3. 250 units: April 27 purchase
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