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Inventory Costing Methods Tyler Company has the following information related to purchases and sales of...

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Accounting

Inventory Costing Methods
Tyler Company has the following information related to purchases and sales of one of its inventory items.
\table[[Date,Description,Units Purchased at Cost,Units Sold at Retail],[Sept.,1,Beginning inventory,400 units @ $20,],[,10,Purchase,600 units @ $22,],[,20,Sales,,640 units @ $37],[,25,Purchase,700 units at $23,]]
Assume Tyler uses a perpetual inventory system.
Required:
Calculate ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods.
\table[[,FIFO,LIFO,Avg Cost],[Cost of,$,$,$
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