problem: During 2003, Cramer Sales sold 180 units at $320 each. Cash selling & administrative expenses were $15,000. The following information available:
Starting inventory 30 units at $180 each, Feb.3 - 60 units at $190 each, June 2 - units at $220 each and Oct 1 - units at $230 each.
Compute the amount of cost of goods sold using: FIFO, LIFO and weighted average.