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Coucous Corp. uses the perpetual inventory system. Information related to Coucous inventory for September is given below Sep 1Beginning inventory 200 units @ $10.00 -

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Coucous Corp. uses the perpetual inventory system. Information related to Coucous inventory for September is given below Sep 1Beginning inventory 200 units @ $10.00 - $2,000 8Purchase 600 units @ $10.40 6,240 12Sale 500 units 16Purchase 400 units @ $10.80 - 4320 24Purchase 100 units @ $11.60 1,160 29Sale 400 units Instructions 10 marks (a) Calculate the ending inventory using the FIFO cost formula at September 30 (show calculations) (b) Cakulate the ending inventory using the average cost formula at September 30 (show calculations)

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