Mac Laren Inc. sells motors and uses a perpetual inventory system. Shown below

are Mac Larens purchases during July:

Purchase Date	Unit purchased	Unit cost	Total cost
July 1	100	90
July 8	150	100
July 31	200	110
Total	450

On July 25, Mac Laren Inc. sold 200 units.

1. Compute the cost of goods sold relating to the sale on July 25 and the ending inventory July 31 using the following cost flow assumptions.

(Show your solutions, including the number of units and costs per unit)

3. (2)

Inventory Cost of

at July. 31 Goods Sold

a Average cost $_______________ $_______________

b Firstin, firstout $_______________ $_______________

c Lastin, firstout $_______________ $_______________