Company XYZ Ltd has the following details for its inventory for January to December 2017.

Jan1

Feb.14

Mar.25

June.8

Sept3

Oct13

Dec10

Beginning Inventory

Purchased

Sold

Purchased

Purchased

Sold

Sold

8

11

9

10

5

11

3

@ $36.50

@ $38.90

@ $40.80

@ $42.30

Required

A.Using a periodic system and the weighted average method, calculate the cost of the 11 items in inventory on 31 December 2017 and the cost of sales for the year.

B.Using a perpetual system and the moving average method, calculate the cost of the year-end inventory and the cost of sales.

C.Using a periodic system and the FIFO method, determine the cost of the 11 items in inventory on 31 December 2017 and the cost of sales for the year.f

D.Using a perpetual system and the FIFO method, determine the cost of the year-end inventory and the cost of sales.

E.Compare the results obtained under requirements A, B, C and D above.