12900

14400

12000

14000

1080

2160

1329

1130

893

1188

768

818

1580

1510

1575

1470

Sanfillipo, Inc., had 800 units of inventory on hand at March 1, 2018, costing $20 each. Purchases and sales of inventory during the month of March were as follows: Purchases Sales 600 units Date March 8 15 22 27 400 units @ $22 each 400 units @ $24 each 400 units Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the end of March The cost of inventory at the end of March applying the average cost method is: Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): . 41 units at $108 . 71 units at $73 174 units at $54 Sales for the year totaled 266 units, leaving 20 units on hand at the end of the year. Ending inventory using the FIFO method is: Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases listed in chronological order of acquisition): . 42 units at $99 72 units at $85 173 units at $64 Sales for the year totaled 275 units, leaving 12 units on hand at the end of the year. Ending inventory using the LIFO method is: Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 300 qts. a $2.40 on April 1. Purchases: Apr. 10 500 qts @ $2.50 Apr. 14 400 qts @ $2.60 Apr. 20 400 qts @ $2.65 Sales: Apr. 3 200 qts Apr. 12 500 qts Apr. 26 300 qts The ending inventory assuming LIFO and a periodic inventory system is