ACCT 3331 Homework assignment Due Thursday, November 1, 2018 Inventory cost flow assumptions Stewart Inc.'s beginning inventory, purchases and sales during the month of January were as follows: # units 2,000 (1,400) 1,000 (720) (480) 1,200 Unit cost $30.00 Jan 1 Jan 4 Jan 10 Jan 22 Jan 28 Jan 30 Beginning inventory Sold 1,400 units Purchase Sold 720 units Sold 480 units Purchase $33.60 $34.95 Determine Cost of Goods Sold and Ending Inventory using each of the following assumptions. Write your SHOW YOUR WORK! Perpetual FIFO LIFO Periodic FIFO LIFO Average