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Inventory records for Sherwin Williams Paints revealed the following May 10 May 16 Total Purchases: May 1CBeginning 1,000 gallons @ S8.20-SS.200 600 gallons@$8.25-$4,950 -800 gallons

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Inventory records for Sherwin Williams Paints revealed the following May 10 May 16 Total Purchases: May 1CBeginning 1,000 gallons @ S8.20-SS.200 600 gallons@$8.25-$4,950 -800 gallons @ $8.30-$6.640 Sales May 5 May14 May 20 400 gallons 700 gallons 500 gallons 310220 Calculate cost of goods sold using LIFO with the perpetual method 566 x .30 :3 4156 $13,205 Calculate Ending Inventory using FIFO !culate cost of goods sold with the average method using the periodic system (Carry the average cost per unit out three (3) places)

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