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Marked out of AD PF ution Jelly Gyms Inc. Uses a periodic Inventory system and had the following activity for a single inventory Item: Units

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Marked out of AD PF ution Jelly Gyms Inc. Uses a periodic Inventory system and had the following activity for a single inventory Item: Units Unit Cost Total Cost April 1, Inventory 500 $2.50 $1,250 Purchases: April 5 3.50 875 April 10 175 4.50 787.50 April 15 5.50 550 Sales: April 11 550 April 19 375 100 Instructions Determine the ending inventory and cost of goods sold using: a) FIFO b) Weighted-average (round unit cost to nearest cent) A- MacBook Air F2 20 DOO F3 000 F FS ! # A

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