Perpetual: LIFO and Moving$-$Average

The beginning inventory, purchases, and sales for Myrl Sign Company for the month of April are shown.

$\backslash$table$[[$Date$,$Beginning Inventory and Purchases,Sales,$],[,$Units,Cost$/$Unit$,$Units$],[$April $1($BI$),100,$$$4\mathrm{.}00,],[,100,4\mathrm{.}60,],[$April $20,200,4\mathrm{.}60,],[$April $30,400,5\mathrm{.}30,650]]$

BI: Beginning Inventory

Required:

Calculate the total amount to be assigned to cost of goods sold for April and the ending inventory on April $30,$ under each of the following methods. In your calculations round the average unit cost to the nearest cent and answers to the nearest dollar.

$\backslash$table$[[,$Cost of Goods Sold,Inventory on Hand$],[1.$ Perpetual LIFO inventory method,$$,x,$$$,x$