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McCaffy Company Uses a Periodic Inventory System

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McCaffy Company uses a periodic inventory system.It sold 1,000 units of Product H.Its beginning inventory and purchases during the month were as follows:
McCaffy Company uses a periodic inventory system.It sold 1,000 units of Product H.Its beginning inventory and purchases during the month were as follows: Compute the cost of the ending inventory under each of three methods: (a)average-cost,(b)LIFO,and (c)FIFO.(Show your work.) Compute the cost of the ending inventory under each of three methods: (a)average-cost,(b)LIFO,and (c)FIFO.(Show your work.)

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a. Average-cost: (200 × $1)+ (200 × $2)+...

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