DiPaolo€™s inventory, purchases, and sales for March and April follow. The company closes its books at the end of each month. It uses the periodic inventory system.

Required
1. Compute the cost of the ending inventory on March 31 and April 30 using the average-cost method. In addition, determine cost of goods sold for March and April. (Round unit costs to the nearest cent.)
2. Compute the cost of the ending inventory on March 31 and April 30 using the FIFO method. Also determine cost of goods sold for March and April.
3. Compute the cost of the ending inventory on March 31 and April 30 using the LIFO method. Also determine cost of goods sold for March and April.
4. Do the cash flows from operations for March and April differ depending on which inventory costing method is used€”average-cost, FIFO, or LIFO?Explain.

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60 units@ $49 100 units @ $52 Mar. 1 10 Purchase 19 Sale 31 Ending inventory Beginning inventory 90 units 70 units 120 units @ $53 Apr. 4 Purchase 15 Purchase 23 Sale 25 Purchase 30 Ending inventory 50 units @ $54 200 units 100 units @ $55 140 units