Inventory costing methods LO₃ The following transactions affecting materials occurred in February:

Feb. I Balance on hand, 1,200 feet @ $2.76, $3,312.00 (plastic tubing, stores ledger account #906).
5 Issued 60 ft. on Materials Requisition No. 108.
I I Issued 200 ft. on Materials Requisition No. 210.
14 Received 800 ft., Receiving Report No. 634, price $2.8035 per ft.
15 Issued 400 ft., Materials Requisition No. 274.
16 Returned for credit 90 ft. purchased on February 14, which were found to be defective.
1 8 Received 1 ,000 ft.. Receiving Report No. 7 1 2, price $2.827 1 2 per ft.
21 Issued 640 ft.. Materials Requisition No. 318.
Required:
Record the transactions on stores ledger cards similar to Figure 2-7. (The "on order" columns may be omitted.) Use the following inventory methods, assuming the use of a perpetual inventory system. Carry units prices to five decimal places.
1. FIFO 2. LIFO 3. Moving average