P$6-3($Algo$)$ Comparing and Contrasting the Effects of Inventory Costing Methods on Financial Statement Elements L$06-2,6-3$

Neverstop Corporation sells item A as part of its product line. Information about the beginning inventory, purchases, and sales of item A are given in the following table for the first six months of the current year. The company uses a perpetual inventory system:

$\backslash$table$[[$Date$,$Purchases,Sales$],[$Number of Units,Unit cost,Number,of Units,Sales Price$],[$January $1($beginning inventory$),510,$$$2\mathrm{.}70,,,],[$January $24,,,,310,$$$4\mathrm{.}20$