Perpetual System$-$Calculating Ending Inventory and Cost of Sales Using Moving Average, FIFO, and LIFO Inventory, January $31,1243$

Compute ending inventory and cost of goods sold for the month ending January $31$ using the $(1)$ Moving average method, $(2)$ FIFO method, $(3)$ and the LIFO method.

FIFO LIFO

$(1)$ Moving average method

Note: Enter the answers for unit cost in dollars and cents, rounded to the nearest penny. Use the rounded amounts for later calculations.

$*$ Note: Do not use negative signs with any of your answers.

$\backslash$table$[[$Moving$-$average method$],[,$Purchases,Cost of Sales,Inventory Balance$],[,,$Unit,Total,,Unit,Total,,Unit,Total$],[$Date$,$Units,Cost,Cost,Units,Cost,Cost,Units,Cost,Cost$],[$January $1,,,,,,,1,045,$$$10\mathrm{.}50,$$$10,973],[$January $5,,,,550$vv$$,10\mathrm{.}5,5775,495$vv$$,10\mathrm{.}5$vv$$,5198],[$January $10,440$vv$,12,5280,,,,935$vv$$,11\mathrm{.}03\backslash$times $9,10313],[$January $13,,,,220$vv$$,11\mathrm{.}03\backslash$times $,2427,715$vv$$,11\mathrm{.}03\backslash$times $$,7886],[$January $20,220$vv$,13\mathrm{.}25$vv$,2915,,,,935$vv$$,11\mathrm{.}53\backslash$times $$,10781],[$January $28,660$vv$,14,9240,,,,1,595$vv$$,12\mathrm{.}6\backslash$times $$,20097],[$January $31,,,,352$vv$$,12\mathrm{.}6\backslash$times $,4435,1,243$vv$$,12\mathrm{.}6\backslash$times $$,15662]]$

$\backslash$table$[[$Moving Average,$],[$Ending Inventory,$15,662,$x$],[$Cost of goods sold,$$12,637,$x$]]$ Note: Do not use negative signs with any of your answers.

Note: On each date, list the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed first.

$\backslash$table$[[$LIFO$,,],[,$Ending Inventory,$15,823\backslash$times $],[,$Cost of goods sold,$12,883$x$]](2)$ FIFO Method

Note: Do not use negative signs with any of your answers.

Note: On each date, list the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed first.

$\backslash$table$[[$FIFO$,,],[,$Ending Inventory,$16,109\backslash$times $],[,$Cost of goods sold,$$12,309,$x$]]$

April Inc. maintains a perpetual inventory system and recorded the following information for the month of January.

Compute ending inventory and cost of goods sold for the month ending January $31$ using the $(1)$ Moving average method, $(2)$ FIFO method, $(3)$ and the LIFO method.

$(2)$ LIFO Method

Note: Do not use negative signs with any of your answers.

Note: On each date, list the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed first.