Morgan company produces packages of dried fruit snacks. the controller gathers the following information to develop the budget for next year: sales in units 600 packages selling price per unit $5 product inventory at beginning of the quarter (fg) 80 packages desired product ending inventory (fg) 120 packages direct materials per package of snacks 4 ounces dried fruit cubes fruit inventory at beginning of quarter 116 ounces desired ending inventory of fruit cubes 84 ounces fruit cost $.10 per ounce compute the required budget quantity of fruit purchases for next year.

Inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: jan. 1 inventory 20 units at $1,800 may 15 purchase 31 units at $1,950 aug. 7 purchase 13 units at $2,040 nov. 20 purchase 16 units at $2,100 there are 18 units of the item in the physical inventory at december 31. determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: round your final answers to the nearest dollar. cost inventory method ending inventory cost of goods sold a. first-in, first-out method $ $ b. last-in, first-out method $ $ c. weighted average cost method $ $