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Accounting On January 1, Lahm Inc. had a beginning inventory of 1450 units...

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Accounting

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On January 1, Lahm Inc. had a beginning inventory of 1450 units of soccer balls at a cost of $8 per unit. During the year, inventory purchases were as follows: PURCHASE DATE UNIT UNITS COST February 20 1760 $7.5 May 5 2750 7 August 15 2300 7.5 December 8 2150 7 The company uses a periodic inventory system. At the end of the year on December 31, a physical inventory count determined that there were 2750 units on hand. NOTE: You must enter all numbers in the format of ####. Do not enter dollar signs or commas. Here are examples of the correct format: 1000 11000 111000 a. Cost of goods available for sale b. Value of ending inventory using FIFO c. Value of ending inventory using average cost d. Value of cost of goods sold using FIFO e. Value of cost of goods sold using average cost

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