2. A company made the following merchandise purchases and sales during the current month
July. 1 purchased 380 units at $15 each
July 5 purchased 270 units at $20 each
July 9 sold 500
units at $55 each
July 14 purchased300 units at $24 each
July 20 sold 250
units at $55 each
July 30 purchased 250 units at $30 each
From the above information, compute the cost of goods sold and ending inventory,
using FIFO, LIFO, and Weighted Average inventory methods.
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