Complete all three inventory costing worksheets using the costing method indicated at the top of each page.

Method : Weighted Average /Average cost

Date	Purchases	Cost of Goods Sold	Inventory Balance
1- Jan	100 units = $1,000
10 Jan		Sold 90 units @ $40 each. What is the CGS?
14- Mar	250 units = $3,750
15 - mar		Sold 140 units @ $40 each. What is the CGS?
30 -JUL	400 units = $8,000
5 -OCT		Sold 300 units @ $40 each. What is CGS?
26 -OCT	600 units = $15,000

What is the total cost of goods sold? __________ What is the balance of the ending inventory? ______

Method: LIFO

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Date	Purchases	Cost of Goods Sold	Inventory Balance
1- Jan	100 units @ $10 = $1,000
10-Jan		Sold 90 units @ $40 each. What is CGS?
14- MAR	250 units @ $15 = $3,750
15- MAR		Sold 140 units @ $40 each. What is CGS?
30- JUL	400 units @ $20 = $8,000
5 -OCT		Sold 300 units @ $40 each
26-OCT	600 units @ $25 = $15,000

What is the cost of the goods sold?__________ What is the balance of the ending inventory? _______

Method: FIFO

Date	Purchases	Cost of Goods Sold	Inventory Balance
1-jan	100 units @ $10 = $1,000
10-jan		Sold 90 units @ $40 each. What is the CGS?
14-mar	250 units @ $15 = $3,750
15-mar		Sold 140 units @ $40 each. What is the CGS?
30-jul	400 units @ $20 = $8,000
5-oct		sold 300 units @ $40 each. What is the CGS?
26 - oct	600 units @ $25 = $15,000

What is the total cost of Goods Sold? ______ What is the balance of ending inventory?___________