A company had the following inventory and purchases during January for a particular item. On January

$28,345$ units were sold. What is the cost of the $140$ units that remain in the ending inventory, assuming

the following?

a$)$ FIFO

b$)$ Moving Weighted Average

Round numbers to the nearest cent. Assume a perpetual inventory system.

Use the Unit $37-$ Practical Exercise $10\mathrm{.}1($Excel$)$ to complete your answers for this exercise.Units Unit Cost Total Cost

Beginning inventory on January $1$

$310$

$$3\mathrm{.}00$ $ $930\mathrm{.}00$

Purchase on January $9.$

$75$

$3\mathrm{.}20$

$240\mathrm{.}00$

Purchase on January $25.$

$100$

$3\mathrm{.}35$

$335\mathrm{.}00$

Total available for sale

$485$

$$1,505\mathrm{.}00$