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Problem 6-3A (P6-3A) Eddings Company had a beginning inventory of 400
units of Product XNA at a cost of $8.00 per unit. During the year,
purchases were: Feb. 20 600 units @ $9 Aug. 12 300 units @ $11 May 5 500
units @ $10 Dec. 8 200 units @ $12 Eddings Company uses a periodic
inventory system. Sales totaled 1,500 units.Determine the cost of goods
available for sale. $ _____Determine (1) the ending inventory, and (2)
the cost of goods sold under each of the assumed cost flow methods
(FIFO, LIFO, and average). Ending Inventory $ $ $ Cost of Goods Sold $ $
$Which cost flow method results in (1) the lowest inventory amount for
the balance sheet, and (2) the lowest cost of goods sold for the income
statement? Lowest inventory amount: _____ Lowest cost of goods sold:
_____
