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Fomework: 5-2 MyAccountingLab: Module Five Homework PART-2 ( Save Sare: 0 of 16 pts of...

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Accounting

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Fomework: 5-2 MyAccountingLab: Module Five Homework PART-2 ( Save Sare: 0 of 16 pts of 60 compte HW Score: 0%, 0 of 100 pts E6-31B (book/static) Question Help Spear Company or records formalioshow the owg May 31 Click the love the records) Al May 31 11 of these are on hand Requirement Compute cost of goods sold and ending inventory using each of the following four inventory methods Begin by entering the number of units sold and number of unitsin ending inventory. Then calculate cost of goods sold and ending inventory using a specific dentification, then (b) average cost then (c) FIFO, and finally () LIFO Data Table - X 1 Requements Cost of goods sold Ending ar o 1. Compute cost of goods sold and ending invertory ng each of the following May Beginning 15 Purchase und 10 5 1,500 sunt 1515 305 16 170 - $ 2.300 a. Speccdentification with seves 10 and four $170 units on Enter any number in the deeds and then click Ched b erage cost C. FIFO dLFO 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods 100 What causes the dirence in cost of goods

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