4. FIFO and LIFO costs under a perpetual inventory system

The following units of an item were available for sale during the year:

Beginning inventory	7,800	units at $190
Sale	5,700	units at $310
First purchase	14,700	units at $195
Sale	12,600	units at $310
Second purchase	15,700	units at $199
Sale	13,600	units at $310

The firm uses the perpetual inventory system, and there are 6,300 units of the item on hand at the end of the year.

4a. What is the total cost of the ending inventory according to FIFO? Round your answer to the nearest dollar.

4b. What is the total cost of the ending inventory according to LIFO? Round your answer to the nearest dollar.

6. periodic Inventory by Three Methods

The units of an item available for sale during the year were as follows:

Jan. 1	Inventory	1,045 units @ $138
Feb. 17	Purchase	1,420 units @ $139
July 21	Purchase	1,520 units @ $141
Nov. 23	Purchase	1,145 units @ $143

There are 1,220 units of the item in the physical inventory on December 31. The periodic inventory system is used.

6a. Determine the inventory cost by the first-in, first-out method.

6b. Determine the inventory cost by the last-in, first-out method.

6c. Determine the inventory cost by the weighted average cost method. Do not round intermediate calculation and round final answer to the nearest whole dollar.

Thank you!