Alternative Inventory Methods

Garrett Company has the following transactions during the months of April and May:

The cost of the inventory on April $1$ is $$5,$$$4,$ and $$2$ per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions.

Required:

Compute the inventories at the end of each month and the cost of goods sold for each month for the following alternatives:

a$.$ FIFO periodic

Cost of Goods Sold Ending Inventory

April $

X $

May