2 Duncan Industries' Inventory of coats (Model XL) during 2019 is...
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2 Duncan Industries' Inventory of coats (Model XL) during 2019 is given below. The company uses a periodic Inventory system. Units Unit Cont Beginning Inventory, January 1, 2019 58 Purchases: January 18 36 83 March 31 October 20 46 November 11 26 Ending Inventory, December 31, 2019 9 41 80 75 1. What is the cost of the ending Inventory and the cost of goods sold? Assume Duncan Industries utilizes the FIFO method. 2. What is the cost of the ending inventory and the cost of goods sold? Assume Duncan Industries utilizes the LIFO method. 3. What is the cost of the ending inventory and the cost of goods sold? Assume Duncan Industries utilizes the average cost method. (Do not round your intermediate calculations, Round your answers to 2 decimal place.) FIFO LIFO average cost Ending inventory Cost of goods sold
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