Arthur Lloyd Associates provided the following information regarding its inventory for the current year, its second year of operations.

Required
Compute Arthur Lloyd€™s ending inventory and cost of goods sold under each of the following cost- flow methods assuming the company uses a perpetual inventory system (round your answer for cost per unit to two decimal places):
a. Moving Average
b. FIFO
c. LIFO

Transcribed Image Text:

Transaction Beginning inventory 1/1 Purchases February 8 March 15 Units Sales in Units Unit Cost Total Cost 10.000 $18 S 180,000 23,000 18,600 51,600 460,000 409.200 $1.049,200 20 Subtotal Units Sold-Apri 2 at $41 49,500 April 30 July 15 37000 12,400 101,000 28 1,036,000 384,400 $2.469,600 31 Subtotal Units Sold September 1 at $47 November 9 Total available for sale Total units sold 26,000 34,500 135,500 75,500) 60,000 29 1,000,500 $3,470,100 Ending inventory