Assignment 6
The transactions for the period of Jan-Oct are as below:
Date	Description	Units	Cost per unit	Selling Price	Total Cost
1-Jan	Beginning Inventory	280	80		22,400
10-Feb	New Purchase	195	84		16,380
20-Feb	Units Sold	360		160	57,600
13-Mar	New Purchase	290	78		22,620
5-Sep	New Purchase	255	64		16,320
10-Oct	Units Sold	510		160	81,600
Part 1	Assign the cost of inventory and show inventory balances under FIFP-Perpetual
Part 2	Assign the cost of inventory and show inventory balances under moving weighted-average-perpetual
Part 3	Show Sales, Cost of Goods Sold and Gross Profit under both methods
Part 4	What's your GP Margin ratio under both systems?