ebook Alternative Inventory Methods Garrett Company has the following transactions during the months of April and May: Date Transaction Units Cost/Unit 500 April 1 Balance 17 Purchase 200 $5.20 150 100 5.90 25 Sale 28 Purchase May 5 Purchase 18 Sale 250 5.20 300 22 Sale 50 The cost of the inventory on April 1 is 55. 54, 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 3 750 $ 3,380 V May$ 1,820 X 5 2,860 X b. FIFO perpetual Cost of Goods Sold Ending Inventory April 5 750 $ 3,380 May 5 1,750 $ 2,930 C CIFO periodic Cost of Goods Sold Ending Inventory Aprils 350 5 1,780 May 5 850 X 5 1,750 X d. LrO perpetual (Round your intermediate calculations to the nearest cent.) Cost of Goods Sold Ending Inventory Apres 1,573 X $ 1,502 X May 5 1,090 1,260 Weighted average (Round unit costs to 4 decimal places and final answers to the nearest dallar) Cost of Goods Sold Ending Inventory Arils 601 2.949 May 5 1.6525 2.597 eBook Cost of Goods Sold Ending Inventory April $ 1,573 X $ 1,502 X May $ 1,890 $ 1,260 e. Weighted average (Round unit costs to 4 decimal places and final answers to the nearest dollar.) Cost of Goods Sold Ending Inventory April $ 681 $ 2,949 May $ 1,652 $ 2,597 f. Moving average (Round unit costs to 2 decimal places and final answers to nearest dollar.) Cost of Goods Sold Ending Inventory April $ $ May $ 4.721 $ results. If an amount zero, ente 2. Reconcile the difference between the LIFO periodic and the LIFO perpet April Cost of Goods Sold Ending Inventory Difference $ $ May Cost of Goods Sold Ending Inventory Difference $