. The SweetNSourCandy GmbH, a specialized candy producer and wholesaler, needs your help for the valuation of its lollipop inventory. The beginning inventory level and the purchases made during the first quarter of the year are as follows:

Material requisition cards document a total material consumption of 40,000 pieces during the accounting period.

Determine the value of consumed resources using the following valuation methods:
1. Average cost method 2. First-in, first-out (FIFO) method 3. Last-in, last-out (LIFO) method

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Date January 1 Description Units Beginning inventory 15,000 February 12 Inventory purchase 19,000 Unit cost Total cost 0.17 2,550 0.18 3,420 March 20 Total Inventory purchase 17,000 0.19 3,230 51,000 9,200