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At the beginning of the current period, Hutton Company holds 1,200 units of its only...

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Accounting

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At the beginning of the current period, Hutton Company holds 1,200 units of its only product with a per-unit cost of 518 . A summary of purchases durire the current period falows. During the current period, Hutton sells 3,360 units: Required 2. Assume that Hutton uses the first-in, first-out (RFO) method. Compute the cost of goods sold for the current period and the ending inventory bulance. b. Assume that Hutton uses the last-in, first-out (LIF) method. Compuse the cast of goods sold for the curnent peried and the ending inventary balance. c. Assume that Hutton uses the average cost (AC) mothod. Compute the cost goods sold for the current period and the ending inventary balance Note: Do not use a negative sign with your answers. 1. Purdased invetaary for sselsto cauk

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