Jones Company had 100 units in beginning inventory at a total cost of $10,000.The company

purchased 200 units at a total cost of $26,000. At the end of the year, Jones had 80 units in ending inventory.

Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2)
LIFO, and (3) average-cost.

Since this is year-end, it will be assumed to be a periodic inventory system, so the exact date on which the goods were sold is not important.

(1) FIFO
Under FIFO (first in-first out), goods are assumed to be sold in order of purchase, so is the cost.
Purchases during the period:
100 units at $100 = $10,000
200 units at $130 = $26,000

Units sold during the period = 220
Cost of units sold
=100*$100+120*130=$25,600
Value of ending inventory
=10,000+26,000-25,600
=$10,400

(2) LIFO
Under LIFO (last in-first out), goods purchased last is sold first.
Purchases during the period:
100 units at $100 = $10,000
200 units at $130 = $26,000

Units sold during the period = 220
Cost of units sold
=20*$100+200*130=$28,000
Value of ending inventory
=10,000+26,000-28,000
=$8,000

(3) average-cost
Under average-cost, cost of goods is averaged over the period and the cost applies to the whole period.
Purchases during the period:
100 units at $100 = $10,000
200 units at $130 = $26,000
average cost per unit
=(10,000+26,000)/300
=$120 per unit

Units sold during the period = 220
Cost of units sold
=220 * $120
=$26,400
Value of ending inventory
=36,000-26,400
=$9,600

Lisa Company had 100 units in beginning inventory at a total cost of $10,000. The company purchased 200 units at a total cost of $26,000. At the end of the year, Lisa had 80 units in ending inventory.

Lisa Company had 100 units in beginning inventory at a total cost of $10,000. The company purchased 200 units at a total cost of $26,000. At the end of the year, Lisa had 80 units in ending inventory.

To compute the cost of the ending inventory and the cost of goods sold under different inventory costing methods, we need to understand the concepts of FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and average-cost.

1) FIFO (First-In, First-Out):
Under the FIFO method, the assumption is that the first units purchased are the first ones sold. Therefore, the cost of the ending inventory will be based on the most recently purchased units, and the cost of goods sold will be based on the oldest units.

Given:
- Beginning inventory: 100 units at a cost of $10,000
- Purchased: 200 units at a cost of $26,000
- Ending inventory: 80 units

To compute the cost of the ending inventory using FIFO, we first need to calculate the cost of the units sold:
- Cost of goods sold = Cost of beginning inventory + Cost of purchases - Cost of ending inventory
- Cost of goods sold = ($10,000) + ($26,000) - (Cost of ending inventory)

To calculate the cost of the ending inventory using FIFO, we assume that the most recently purchased units are still in stock. Therefore:
- Cost of ending inventory = Number of units in ending inventory * Cost per unit

2) LIFO (Last-In, First-Out):
Under the LIFO method, the assumption is that the last units purchased are the first ones sold. Therefore, the cost of the ending inventory will be based on the oldest units, and the cost of goods sold will be based on the most recently purchased units.

Using the same given data, we can compute the cost of the ending inventory and the cost of goods sold under the LIFO method.

3) Average-Cost:
Under the average-cost method, the cost of goods sold and the cost of ending inventory are calculated based on the average cost of all units.

To compute the cost of the ending inventory and the cost of goods sold using the average-cost method, we need to calculate the average cost per unit:
- Total cost = Cost of beginning inventory + Cost of purchases
- Total units = Number of units in beginning inventory + Number of units purchased
- Average cost per unit = Total cost / Total units

We can then use the average cost per unit to determine the cost of the ending inventory and the cost of goods sold.

Please provide me with the appropriate information so I can calculate the specific cost of the ending inventory and the cost of goods sold under each method.