Merchandise Inventory Merchandise sold

FIFO $ 11,000 $ 14,940

LIFO $ 9,740 $ 16,200
W.avg $ 10,376 $ 15,564

Explanation
units Price
Jan-01 50 118
Mar-10 60 128
Aug-30 30 136
Dec-12 60 138
Ending balances 80
Units sold 120

FIFO
Cost of goods sold Units price amount
Jan-01 50 118 5900
Mar-10 60 128 7680
Aug-30 10 136 1360
total 120 14940

Ending inventory Units price amount

Aug-30 20 136 2720
Dec-12 60 138 8280
total 80 11000

LIFO
Cost of goods sold Units price amount
Dec-12 60 138 8280
Aug-30 30 136 4080
Mar-10 30 128 3840
total 120 16200

Ending inventory Units price amount

Mar-10 30 128 3840
Jan-01 50 118 5900
total 80 9740

W.avg
Units price amount
Jan-01 50 118 5,900
Mar-10 60 128 7,680
Aug-30 30 136 4,080
Dec-12 60 138 8,280
total 200 25,940
W.avg price = 25940/200= $ 129.70

sold units = 120 * 129.70= $ 15,564

ending inventory=80*129.70= $ 10,376