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3. (12 points) All-Pages Book Company reports the following inventory transactions during the current month. All-Pages uses the perpetual method for inventory. Date Event Number

3. (12 points) All-Pages Book Company reports the following inventory transactions during the current month. All-Pages uses the perpetual method for inventory.

Date

Event

Number

of Units

Unit

Cost

Total

Cost

Dec. 1st

Beg. Inventory

800

$10

$8,000

8th

Purchase

600

11

6,600

13th

15th

Purchase

Sale

300

750

12

3,600

24th

28th

Purchase

Purchase

300

400

13

15

3,900

6,000

Dec.30th

Sale

900

Required:

Calculate Cost of Goods Sold and Ending Inventory using the Weighted Average, FIFO, and LIFO inventory costing methods. Fill in the following table with DOLLAR AMOUNTS $$:

Weighted Ave. Cost

FIFO

LIFO

Ending Inventory

Cost of Goods Sold

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