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The following data are available for Sellco for the fiscal year ended on January 31....

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Accounting

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The following data are available for Sellco for the fiscal year ended on January 31. 2014: Sales 800 units Beginning inventory 280 units dollar 3 Purchases, in chronological order 350 units dollar 5 420 units dollar 6 210 units dollar 7 Required: Calculate cost of goods sold and ending inventory amounts under the cost-flow assumptions, FIFO, UFO and Weighted average (using a periodic inventory system) (Round your unit cost to 2 decimal places.) Cost of goods sold Ending inventory Assume that net income using the weighted-average cost-flow assumption is dollar 14,800. Calculate net income under FIFO and LIFO. (Round your unit cost to 2 decimal places.)

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