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Cost Total Sales Selling Total Units per unit cost Units price sales 1-Feb 4 $2 $8 5-Feb 2 7 14 10-Feb 6 $3 $18 20-Feb

Cost

Total

Sales

Selling

Total

Units

per unit

cost

Units

price

sales

1-Feb

4

$2

$8

5-Feb

2

7

14

10-Feb

6

$3

$18

20-Feb

5

7

35

25-Feb

5

$4

$20

26-Feb

4

7

28

15

$46

11

77

INSTRUCTIONS:

For each of the cost flow assumptions calculate: Ending Inventory, COGS, Gross Profit

A. Periodic Inventory System FIFO

B PERIODIC INVENTORY SYSTEM - LIFO

C PERIODIC INVENTORY SYSTEM - WEIGHTED AVERAGE COST

D PERPETUAL INVENTORY SYSTEM FIFO

E PERPETUAL INVENTORY SYSTEM LIFO

F PERPETUAL INVENTORY SYSTEM - MOVING AVERAGE COST

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