Alternative Inventory Methods Totman Company has the following transactions during the months of January

and February: The cost of the inventory at January $1$ is $$24,$ $$23,$ and $$15$ per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions.

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

FIFO Perpetual