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The below lots of a particular commodity were available for sale during the year. The...

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Accounting

The below lots of a particular commodity were available for sale during the year. The periodic inventory system is used.
Beginning Inventory 10 units $60
First purchase 40 units $59
Second purchase 35 units $62
Third purchase 15 units $63
Using the Excel file provided, calculate the ending inventory value using the FIFO, LIFO, and Weighted Average methods. There is a separate worksheet for each method within the Excel file. Please complete your calculations as if there are 25 units in the ending inventory for each method.

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