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Vista Company Inc. had a beginning inventory of 100 units of
Product RST at a cost of $8 per unit. During the year, purchases
were:
Feb. 20
600
units at
$9
Aug. 12
400
units at
$11
May 5
500
units at
$10
Dec. 8
100
units at
$12
Vista Company Inc. uses a periodic inventory system. Sales
totaled 1,500 units.
Determine the ending inventory and the cost of goods sold
under each of the assumed cost flow methods (FIFO, LIFO, and
average-cost).
(Round answers to 0 decimal places, e.g. 150.)
FIFO
LIFO
AVERAGE-COST
The ending inventory
$
[removed]
$
[removed]
$
[removed]
The cost of goods sold
$
[removed]
$
[removed]
$
[removed]
Vista Company Inc. had a beginning inventory of 100 units of Product.docx

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Vista Company Inc. had a beginning inventory of 100 units of Product.docx

  • 1. Vista Company Inc. had a beginning inventory of 100 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 600 units at $9 Aug. 12 400 units at $11 May 5 500 units at $10 Dec. 8 100 units at $12 Vista Company Inc. uses a periodic inventory system. Sales totaled 1,500 units.
  • 2. Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 150.) FIFO LIFO AVERAGE-COST The ending inventory $ [removed] $ [removed] $ [removed] The cost of goods sold $ [removed] $ [removed] $ [removed]