Date	Transaction	Quantity	Price/Cost
1/1	Beginning inventory	2,000	10.00
1/3	Purchases	18,000	10.40
1/7	Sales (@ $26 per unit)	7,000
1/20	Purchases	6,000	11.00
1/22	Sales (@ $27 per unit)	16,000
1/30	Purchases	3,000	12.00

1. Assume Joker Company uses a periodic inventory system. Calculate cost of goods sold and ending inventory using (1) FIFO, (2) LIFO and (3) average cost. Round per unit cost to two decimal places.

2. Assume Joker Company uses a perpetual inventory system. Calculate cost of goods sold and ending inventory using (1) FIFO, (2) LIFO and (3) average cost. Round per unit cost to two decimal places.