Prima Co. began the month of September with 1,000 units of inventory on hand at a cost of $45 each. These inventory items sell for $65.00 each. Prima adjusts and closes its books on a monthly basis. The following schedule presents the sales and purchases of this item during the month of September:

Date	Transaction	Unit cost
September 9	Sold 200 units
September 15	Purchased 400 units	$50
September 22	Purchased 300 units	$52
September 27	Sold 450 units

A count of ending inventory reveals 1,050 units in ending inventory.

a. Complete the following table with the information to be reported at the end of September under each of the following combinations of cost flows and systems below.

	COGS	ENDING INVENTORY
FIFO Periodic System
LIFO Perpetual system

b. Provide Primas adjusting journal entry to record September COGS under FIFO, Periodic System.

Account name	Debit	Credit