Requirement 1. compute cost of goods sold and ending inventory, using each of the following four inventory methods: begin by entering the number of units sold and number of units in ending inventory. then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, then (c) fifo, and finally (d) lifo. (round the average cost per unit to the nearest cent. round all final answers to the nearest whole dollar.) number of units cost of goods sold ending inventory

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: