A business purchases inventory stock on four separate occasions. Purchased 3,500 units at a total cost of 8,050; Purchased 3,000 units at a total cost of 7,110; Purchased 4,000 units at a total cost of 9,600; and Sold 5,995 units at a total price of 24,760. Each purchase was completed in the order provided within the same period. Match the inventory method with the correct cost of sales and the correct value of inventory. Please show work.

Answers:

3,896.75

13,963

14,148.20

4,082

For the answers listed above, which of the following below, belong to which answer above?:

1. weighted average method for cost of sales

2. first in-first out method for cost of sales

3. weighted average method for the value of inventory

4. first in-first out method for the value of inventory