Assume thatStellarCompany has the following transactions in its first month of operations.

Date Purchases Sold Balance

Feb. 1 2,200@ $3.20 2,200units

Feb. 10 6,100@ $3.55 8,300units

Feb. 21 3,800units 4,500units

Feb. 28 2,200@ $3.90 6,700units

Stellaruses a perpetual inventory system.

Compute cost of goods sold and ending inventory at February 28, assumingStellaruses the FIFO cost flow assumption.

Cost of goods sold =$?

Ending inventory =$?

Compute cost of goods sold and ending inventory at February 28, assumingStellaruses the LIFO cost flow assumption.

Compute cost of goods sold under moving-average.