Bridgeport Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations:

$\backslash$table$[[$Date$,$Explanation,Units,Unit Cost$/$Price$,$Total Cost,Balance in Units$],[$Aug$.2,$Purchases,$320,$$$80,$$$25,600,320],[3,$Purchases,$640,110,70,400,960],[10,$Sales,$(340),160,,620],[15,$Purchases,$930,115,106,950,1,550],[25,$Sales,$(350),190,,1,200]]$

$($a$)$

Module $5$ Assignment

Question $4$ of $8$

$\frac{0}{6}$

Calculate the cost of goods sold and ending inventory using FIFO.

Cost of goods sold $

Ending inventory $

$($b$)$

Calculate the cost of goods sold and ending inventory using average cost. $($Round average cost per unit to $2$ decimal places, e$\mathrm{.}8.1\mathrm{.}25$ and final answers to $0$ decimal places, e$.$g$.5,125.)$

Cost of goods sold $

Ending inventory $

eTextbook and Media

Assistance Used