A. Using the LIFO perpetual method, calculate the total amount (for all three sales) that should be charged to cost of goods sold for September. (Show work for possible partial credit.)

B. Now assume Amys Art Company uses the periodic system and the weighted average method.

Calculate total cost of goods sold for September and the cost of ending inventory.

Amy's Art Company sells paintbrushes. Below is a listing of inventory purchases and sales for the month of September. Beg. Inventory and Purchases Date Units Unit Cost 9/1 Beg. Inventory $40 9/5 Purchase $45 + 9/14 Purchase 9/29 Purchase $46 + Unit Sales: Date Units Sold 9/9 50 9/22 80 70 100 $42 9/26