Dunn Companys record of transactions concerning inventory for the year was as follows.
	Purchases - Units and Unit Costs							Sales - Total Units
	January	1	Balance on hand	300	@	$ 12.00		January	4	400
	February	4		200	@	12.10		June	3	600
	March	6		300	@	12.25		August	2	300
	June	10		300	@	12.30		October	12	200
	August	3		500	@	12.30
	November	30		300	@	12.40

	Compute the inventory at December 31 on FIFO basis.
a	Calculate inventory in Units.
	First-in, first-out (FIFO)

b	If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory above? (Carry average unit costs to four decimal places.)
	Assume costs are computed for each withdrawal.

c

Write the Journal Entry to adjust inventory on the Trial Balance.

d. Post Adjusting Entry on the Trial Balance