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

Alternative Inventory Methods Garrett Company has the following transactions during the months of April and May Date Transaction April1 Balance 17 Purchase 25 Sale 28 Purchase May 5 Purchase 18 Sale 22 Sale Units Cost/Unit 500 200 $5.30 150 100 5.80 250 5.30 300 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: Cost of Goods Sold Ending Inventory a. FIFO periodic April $ S May $ b. FIFO perpetual Cost of Goods Sold Ending Inventory April $ $ May $ $ c. LIFO periodic Cost of Goods Sold Ending Inventory c. LIFO periodic Cost of Goods Sold Ending Inventory April $ May $ $ d. LIFO perpetual (Round your intermediate calculations to the nearest cent.) Cost of Goods Sold Ending Inventory April $ May $ e. Weighted average (Round unit costs to 4 decimal places and final answers to the nearest dollar.) Cost of Goods Sold Ending Inventory April $ May $ f. Moving average (Round unit costs to 2 decimal places and final answers to nearest dollar) Cost of Goods Sold Ending Inventory April 5 May $ $ 2. Reconcile the difference between the LIFO periodic and the LIFO perpetual results. If an amount is zero, enter "o". April Cost of Goods Sold Ending Inventory Difference 5 S May Cost of Goods Sold Ending Inventory e. Weighted average (Round unit costs to 4 decimal places and final answers to the nearest dollar.) Cost of Goods Sold Ending Inventory April $ $ May $ $ f. Moving average (Round unit costs to 2 decimal places and final answers to nearest dollar.) Cost of Goods Sold Ending Inventory April $ $ May $ 2. Reconcile the difference between the LIFO periodic and the LIFO perpetual results. If an amount is zero, enter "o".