Garrett Company has the following transactions during the months of April and May:

DateTransactionUnitsCost/UnitApril 1Balance30017Purchase200$5.2025Sale15028Purchase1005.90May 5Purchase2505.2018Sale30022Sale50The 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:

1. FIFO periodic
2. Cost of Goods SoldEnding InventoryApril$fill in the blank 1
3. $fill in the blank 2
4. May$fill in the blank 3
5. $fill in the blank 4
6. FIFO perpetual
7. Cost of Goods SoldEnding InventoryApril$fill in the blank 5
8. $fill in the blank 6
9. May$fill in the blank 7
10. $fill in the blank 8
11. LIFO periodic
12. Cost of Goods SoldEnding InventoryApril$fill in the blank 9
13. $fill in the blank 10
14. May$fill in the blank 11
15. $fill in the blank 12
16. LIFO perpetual (Round your intermediate calculations to the nearest cent.)
17. Cost of Goods SoldEnding InventoryApril$fill in the blank 13
18. $fill in the blank 14
19. May$fill in the blank 15
20. $fill in the blank 16
21. Weighted average (Round unit costs to 4 decimal places and final answers to the nearest dollar.)
22. Cost of Goods SoldEnding InventoryApril$fill in the blank 17
23. $fill in the blank 18
24. May$fill in the blank 19
25. $fill in the blank 20
27. Moving average (Round unit costs to 2 decimal places and final answers to nearest dollar.)
28. Cost of Goods SoldEnding InventoryApril$fill in the blank 21
29. $fill in the blank 22
30. May$fill in the blank 23
31. $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 26

MayCost of Goods SoldEnding InventoryDifference$fill in the blank 27

$fill in the blank 28