Bullwinkle company has the following inventory, purchases, and sales data for the month of August. Beginning Inventory: Aug 1 20 units @ $2 $40 Purchases: Aug 10 60 units @ $2.5 150 Aug 20 70 units @...

Bullwinkle company has the following inventory, purchases, and sales data for the month of August.

            Beginning Inventory:                  Aug   1           20   units @ $2 $40

               Purchases:                            Aug 10 60   units @ $2.5 150

                                                              Aug 20 70   units @ $3 210

               Sales: Aug 12 30   units

                                                             Aug 27 60   units

Instructions:

Determine the COGS and ending inventory cost at August using the assumptions (a) FIFOand (b) average-cost