a) Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory valuation method. This company uses the perpetual inventory system.

Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. All unit cost calculations should be rounded to 2 decimal places as well.

Inventory Schedule
		Purchases		Sales		Balance
Transaction	Description	Quantity	Amount	Quantity	Amount	Quantity	Amount
	Opening Balance					0	$ 0
May 5	Purchase from AAA Co.	400	$4,800.00	Answer	$Answer	Answer	$Answer
May 7	Sale to SSS Co.	Answer	$Answer	Answer	$Answer	200	$2,400.00
May 13	Sale to TTT Co.	Answer	$Answer	100	$Answer	Answer	$Answer
May 15	Purchase from BBB Co.	70	$1,260.00	Answer	$Answer	Answer	$Answer
May 24	Sale to UUU Co.	Answer	$Answer	50	$Answer	Answer	$Answer
May 28	Purchase from CCC Co.	60	$960.00	Answer	$Answer	Answer	$Answer

b) If the FIFO method had been used, what would the value of COGS been for the sale to UUU Co.?

COGS = $Answer

c) If the specific identification method had been used, what would the value of COGS been for the sale to UUU Co.? Assume all the units were purchased from BBB Co.

COGS = $Answer