Intermediate accounting FIFO and LIFO! Will rate:

Alternative Inventory Methods Garrett Company has the following transactions during the months of April and May: Date Transaction Units Cost/ Unit April 1 Balance 500 17 Purchase 200 $5.20 25 Sale 150 28 Purchase 100 5.90 May 5 Purchase 250 5.20 18 Sale 300 Sale 50 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 costs of goods sold for each month and the inventories at the end of each month for the following alternatives: a. FIFO periodic Cost of Goods Sold Ending Inventory April May b. FIFO perpetual Cost of Goods Sold Ending Inventory Apn Ma 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 answer to the nearest dollar.) Cost of Goods Sold Ending Inventory Apri f. Moving average (Round unit costs to 2 decimal places. Round your final answers to nearest dollar) Cost of Goods Sold Ending Inventory April May $