# Bartov Corporation reports the following beginning inventory and purchases for 2017Beginning inventory 400 @ \$10 ea. \$4,000Inventory purchased 700 @ \$12 ea. \$8,400Cost of goods sold 1,100 @ X ea.    \$12,400What is the cost of goods sold at 1,100 units tottalling \$12,400?Bartov sells 600 of these units in 2017. Compute its cost of goods sold in 2017 and the ending inventory reported on its 2017 balance sheet under each of the following inventory costing methods:FIFO LIFO Average CostCost of goods soldEnding Inventory

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Bartov Corporation reports the following beginning inventory and purchases for 2017
Beginning inventory 400 @ \$10 ea. \$4,000
Inventory purchased 700 @ \$12 ea. \$8,400
Cost of goods sold 1,100 @ X ea.    \$12,400

What is the cost of goods sold at 1,100 units tottalling \$12,400?

Bartov sells 600 of these units in 2017. Compute its cost of goods sold in 2017 and the ending inventory reported on its 2017 balance sheet under each of the following inventory costing methods:
FIFO LIFO Average Cost
Cost of goods sold
Ending Inventory

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Step 1

Determine cost of goods sold and ending inventory under FIFO.

Step 2

Determine cost of goods sold and ending inventory under LIFO.

Step 3

Determine cost of goods sold and endin...

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