Bell has following purchases and sales on the respective dates. Date Inventory Units Price $ July1 Beg. Inventory 211@61 July 7 Purchases 100@ 59 July 10 Purchases 42 @ 55 July 13 Purchases 76@ 75 July 17 Purchases 42 @ 36 August 15 Purchases 100@63 Date Inventory Units Selling Price $ July 5 Sales 111@ 70 July 15 sales 61 @ 75 July 29 Sales 152 @ 80 August 2 Sales 60@ 70 August 12 Sales 15@65 a. FIFO (5pts) b. Moving Weighted Average Method (5pts) Bell has following purchases and sales on the respective dates. Date Inventory Units Price $ July1 Beg. Inventory 211@ 61 July 7 Purchases 100@ 59 July 10 Purchases 42 @ 55 July 13 Purchases 76@ 75 July 17 Purchases 42 @ 36 August 15 Purchases 100@63 Date Inventory Units Selling Price $ July 5 Sales 111@ 70 July 15 sales 61 @ 75 July 29 Sales 152 @ 80 August 2 Sales 60@ 70 August 12 Sales 15@ 65