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Garrett Company has the following transactions during the months of April and May: DateTransactionUnitsCost / UnitApril 1 Balance 3 0 0 1 7 Purchase 2

Garrett Company has the following transactions during the months of April and May:
DateTransactionUnitsCost/UnitApril 1Balance30017Purchase200$5.2025Sale15028Purchase1005.70May 5Purchase2505.2018Sale30022Sale50
The cost of the inventory on April 1 is $5, $4, and $2 per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions.
Required:
1. Compute the inventories at the end of each month and the cost of goods sold for each month for the following alternatives:
FIFO periodic
Cost of Goods SoldEnding InventoryApril$fill in the blank 1$fill in the blank 2May$fill in the blank 3$fill in the blank 4
FIFO perpetual
Cost of Goods SoldEnding InventoryApril$fill in the blank 5$fill in the blank 6May$fill in the blank 7$fill in the blank 8
LIFO periodic
Cost of Goods SoldEnding InventoryApril$fill in the blank 9$fill in the blank 10May$fill in the blank 11$fill in the blank 12
LIFO perpetual (Round your intermediate calculations to the nearest cent.)
Cost of Goods SoldEnding InventoryApril$fill in the blank 13$fill in the blank 14May$fill in the blank 15$fill in the blank 16
Weighted average (Round unit costs to 4 decimal places and final answers to the nearest dollar.)
Cost of Goods SoldEnding InventoryApril$fill in the blank 17$fill in the blank 18May$fill in the blank 19$fill in the blank 20
Moving average (Round unit costs to 2 decimal places and final answers to the nearest dollar.)
Cost of Goods SoldEnding InventoryApril$fill in the blank 21$fill in the blank 22May$fill in the blank 23$fill in the blank 24
2.Reconcile the difference between the LIFO periodic and the LIFO perpetual results.If an amount is zero, enter "0".
AprilCost of Goods SoldEnding InventoryDifference$fill in the blank 25$fill in the blank 26MayCost of Goods SoldEnding InventoryDifference$fill in the blank 27$fill in the blank 28

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