Beginning inventory, purchases and sales data for hammers are as follows:

Mar3	Inventory	12 Units	@	$15
11	Purchase	13 Units	@	$17
14	Sale	18 Units
21	Purchase	9 Units	@	$20
25	Sale	10 Units

Assuming the business maintains a perpetual inventory system, complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions:

a. FIFO

	Purchases			Cost of Merchandise Sold			Inventory
Date	Qty	Unit Cost	Total Cost	Qty	Unit Cost	Total Cost	Qty	Unit Cost	Total Cost
Mar 3
Mar 11
Mar 14
Mar 21
Mar 25
Balances

b. LIFO

	Purchases			Cost of Merchandise Sold			Inventory
Date	Qty	Unit Cost	Total Cost	Qty	Unit Cost	Total Cost	Qty	Unit Cost	Total Cost
Mar 3
Mar11
Mar14
Mar21
Mar25
Balances