Edgar Company began a year with 1,000 units of Product \(\mathrm{Z}\) in its inventory that cost \(\$ 40\) each, and it made successive purchases of the product as follows:

The company uses a periodic inventory system. On December 31, a physical count disclosed that 2,000 units of Product \(\mathrm{Z}\) remained in inventory.
\section*{Required}
1. Prepare a calculation showing the number and total cost of the units that were for sale during the year.
2. Prepare calculations showing the amounts that should be assigned to the ending inventory and to cost of goods sold assuming

(a) a FIFO basis,

(b) a LIFO basis, and

(c) a weighted-average cost basis. Round the weightedaverage cost per unit to three decimal places.

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Mar 2 June 19 Aug. 13 Nov. 6 1,500 units @ $45 each 1,550 units @ $50 each 1,600 units @ $55 each 1,600 units @ $52 each