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On January 1, the Abrams Company began business with the purchase of 250 units of inventory for $21,625. During the month, Abrams had the following

On January 1, the Abrams Company began business with the purchase of 250 units of inventory for $21,625. During the month, Abrams had the following inventory transactions:


-Jan. 6: Purchased 100 units @ $75 per unit

-Jan 11: Sold 200 units

-Jan 17: Sold 85 units

-Jan 24: Purchased 100 units @ $125 per unit

-Jan 28: Purchased 50 units @ $110 per unit

-Jan 30: Sold 100 units


Required:

Compute the cost of the inventory at the end of January under the following alternatives:

a. FIFO periodic

b. FIFO perpetual

c. LIFO periodic

d. LIFO perpetual

e. Weighted average (round unit costs to 2 decimal places)

f. Moving average (round unit costs to 2 decimal places)

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