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It is really urgent!!! I need urgent help!!!! PLEASEEE The company began June with merchandise inventory of 45 sofas that cost a total of $31,500.

It is really urgent!!! I need urgent help!!!! PLEASEEE

The company began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, the company purchased and sold merchandise on account as follows:

June 7

Purchase

25 sofas @ $750 each

14

Sale

30 sofas @ 1,150 each

18

Purchase

50 sofas @ $775 each

27

Sale

35 sofas @ $1,200 each

Required: Compute the ending inventory and cost of goods sold assuming that the following methods are used:

  1. FIFO Perpetual
  2. Moving Weighted-Average Perpetual
  3. LIFO Perpetual

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