10. Kilcoy uses FIFO under the periodic method. Its inventory records are:

Units Cost

2020 Ending inventory 120 $10

2/1 Purchase 300 $12

5/2 Purchase 200 $13

8/2 Purchase 300 $14

11/20 Purchase 250 $15

At year-end 2021, a physical count of inventory shows 450 units on hand.

a. Show a schedule of Cost of Goods Available for Sale.

b. What is Cost of Goods Sold and Ending Inventory at 31 Dec 2021.

c. What is Cost of Goods Sold and Ending Inventory at 31 Dec 2021 if they use FIFO costing but use a perpetual method for inventory management?