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Beginning Inventory 250 cases@ $23 $5,750 January 1 June 15 August 15 October 15 December 15 400 cases @ $28 11,200 100 cases @ $26

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Beginning Inventory 250 cases@ $23 $5,750 January 1 June 15 August 15 October 15 December 15 400 cases @ $28 11,200 100 cases @ $26 2,600 300 cases@ $28 200 cases $30 6,000 Purchased Purchased Purchased Purchased 8,400 Total Goods Available For Sale Total Sales 1.250 $33,950 800 cases December 31 Ending Inventory 450 cases Fill in the ending inventory value under each of the following assumptions: (30 points) First in first out is used Average-cost basis is Last in first out is used

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