Clayton Company shows the following transactions for its major inventory item.

Date		Units	Unit Cost
Nov. 1	Inventory (beginning)	2,400	$6.90
Nov. 3	Purchase	4,800	7.20
Nov. 5	Sales (at $15)	3,200
Nov. 13	Purchase	4,000	7.50
Nov. 20	Sales (at $15)	7,200
Nov. 22	Purchase	8,800	7.66
Nov. 28	Sales (at $18)	7,200
Nov. 29	Purchase	4,800	7.80

Perpetual Inventory System

d. Moving Average (perpetual inventory system). Note: Enter the answers for unit cost in dollars and cents, rounded to the nearest penny. Use the rounded amounts for later calculations. Note: Do not use negative signs with any of your answers.

		Inventory Balance
	Date	Units	Unit Cost	Total Cost
	Nov. 1	Answer	Answer
	Nov. 3	Answer	Answer
	Nov. 5	Answer	Answer
	Nov. 13	Answer	Answer
	Nov. 20	Answer	Answer
	Nov. 22	Answer	Answer
	Nov. 28	Answer	Answer
	Nov. 29	Answer	Answer

	Cost of goods available for sale	Answer
	Ending Inventory	Answer
	Cost of goods sold	Answer

e. FIFO (perpetual inventory system). Note: Do not use negative signs with any of your answers. Note: List the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed first.

	Inventory Balance
Date	Units	Unit Cost	Total Cost
Nov. 1	2,400	$6.90	$16,560
Nov. 3	2,400	6.90	16,560
	4,800	7.20	34,560
Nov. 5	4,000	7.20	28,800
Nov. 13	Answer	Answer
	Answer	Answer
Nov. 20	Answer	Answer
Nov. 22	Answer	Answer
	Answer	Answer
Nov. 28	Answer	Answer
Nov. 29	Answer	Answer
	Answer	Answer

Cost of goods available for sale	Answer
Ending Inventory	Answer
Cost of goods sold	Answer

f. LIFO (perpetual inventory system). Note: Do not use negative signs with any of your answers. Note: List the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed first.

	Inventory Balance
Date	Units	Unit Cost	Total Cost
Nov. 1	2,400	$6.90	$16,560
Nov. 3	2,400	6.90	16,560
	4,800	7.20	34,560
Nov. 5	2,400	6.90	16,560
	1,600	7.20	11,520
Nov. 13	Answer	Answer
	Answer	Answer
	Answer	Answer
Nov. 20	Answer	Answer
Nov. 22	Answer	Answer
	Answer	Answer
Nov. 28	Answer	Answer
	Answer	Answer
Nov. 29	Answer	Answer
	Answer	Answer
	Answer	Answer

Cost of goods available for sale	Answer
Ending Inventory	Answer
Cost of goods sold	Answer