Data below shows the inventory flow of ESG Corporation during the year: In-flow Out-flow Date Unit $ (per unit) Date Unit $ (per unit) Beginning 1/1 200 $10 Sales 6/10 250 $20 Purchase 3/2 200 $11 12/23 200 $25 9/15 300 $12 Required: 1. Compute cost of goods sold and the value of ending inventory, using the FIFO method under perpetual inventory system. (4 marks) Cost of Goods Sold FIFO $ _________________ Ending inventory $ ________________

2. Compute cost of goods sold and the value of ending inventory, using the weighted average (W/A) method under perpetual inventory system. (6 marks) Cost of Goods Sold W/A $ _________________ Ending inventory $ ________________