Compute the ending inventory using the FIFO and the weighted average method below. Use the perpetual method for both. These are the same transactions used in week 3 homework:
		units	price
1-Jan	Beginning inventory	3,500	$ 3.00
14-Jan	Bought	1,500	$ 3.15
5-Feb	Sold	1,000
22-Feb	Bought	2,000	$ 3.20
7-Mar	Sold	1,500
15-Mar	Sold	2,000
5-Apr	Bought	1,000	$ 3.25
10-Apr	Sold	800
12-Apr	Sold	800
22-Apr	Sold	500
4-May	Sold	600
10-May	Bought	2,000	$ 3.30
25-May	Sold	500
FIFO method (scroll down for Weighted Average entry area)
	Purchased				Sold				Balance
Date	units	cost	total		units	cost	total		units	cost	total
1-Jan									3500	$ 3.00	$ 10,500.00
Weighted Average Method
	Purchased				Sold				Balance
Date	units	cost	total		units	cost	total		units	cost	total
1-Jan									3500	$ 3.000	$ 10,500.00