culator Alternative Inventory Methods Garrett Company has the following transactions during the months of April and May: Date Transaction Units Cost/Unit April 1 Balance 500 17 Purchase 200 $5.40 25 Sale 150 28 Purchase 100 5.80 May 5 Purchase 250 5.40 18 Sale 300 22 Sale 50 The cost of the inventory on April 1 is $5, $4, and $2 per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions. Required: 1. Compute the inventories at the end of each month and the cost of goods sold for each month for the following alternatives: a. FIFO periodic Cost of Goods Sold Ending Inventory April $ 750 $ 4,050 x May $ 1,800 X $ 1,940 X b. FIFO perpetual eBook Calculator b. FIFO perpetual Cost of Goods Sold Ending Inventory April $ 750 2,420 x May $ 1,830 x $ 1,940 X c. LIFO periodic Cost of Goods Sold Ending Inventory April $ 850 $ May $ 1,925 x $ d. LIFO perpetual (Round your intermediate calculations to the nearest cent.) Cost of Goods Sold Ending Inventory April $ 810 $ May $ $ e. Weighted average (Round unit costs to 4 decimal places and final answers to the nearest dollar.) Cost of Goods Sold Ending Inventory April $ 702 X $ May $ $ f. Moving average (Round unit costs to 2 decimal places and final answers to nearest dollar.) Cost of Goods Sold Ending Inventory f. Moving average (Round unit costs to 2 decimal places and final answers to nearest dollar.) Cost of Goods Sold Ending Inventory April $ 675 X $ $ 2,190 X May $ 1,771 X $ 1,769 X 2. Reconcile the difference between the LIFO periodic and the LIFO perpetual results. If an amount is zero, enter "0". April Cost of Goods Sold Ending Inventory Difference $ 25 $ 25 X May Cost of Goods Sold Ending Inventory Difference $ 25 X $ 0