Jones Company started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,220 and the other, $1,580. Jones sold one of the items during the year.

Required
Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory on the year-end financial statements, assuming use of

FIFO?
LIFO?
Weighted average?
FIFO, LIFO, Weighted average
cost of good sold ....... ...... ...............
ending inventory ........ ........ ....................


spreadsheet form left to right says FIFO, LIFO, Weighted average. up to down cost of good sold , ending inventory. chart needs to be fill with 6 black spots what would the answers be for this question above. where the dots are where the blacks are to fill in the question


I had gotten 1220 1580 1200
1580 1220 1900
would that be the correct answer or did i do something wrong?