Problem E The following purchases and sales for Ripple Company are for April 2010. There was no inventory on April 1.

Problem E The following purchases and sales for Ripple Company are for April 2010. There was no inventory on April1 Unit Sales Cost ($) 33.00April 6 1,500 34.00April 12 1,400 (Units) April 3 3,200 April 10 1,600 April 2,000 @35.00 Ap 25 2,300 Apri 1,800 28 1. Compute the ending inventory as of 2010 April 30, using perpetual inventory procedure, under each of the following methods: (1) FIFO, (2) LIFO, and (3) weighted-average (carry unit cost to four decimal places and round total cost to nearest dollar). 2. Repeat a using periodic inventory procedure. Problem G The following data relate to the beginning Inventory, purchases, and sales of Braxton Company for the year 2010: Unlt Units Cost $5.04 Merchandise Inventory, January 1 Purchases: February2 Aprll 5 June 15 September 30 November 28 1,400 1,000 2.000 1,200 4.80 3.60 3.00 2.88 1,800 4.20 Sales: March 10 900 1,800 July 6 August 23 December 22 800 600 2,500 1. Assuming use of perpetual Inventory procedure, compute the ending Inventory and cost of goods sold under each of the following methods: (1) FIFO, (2) LIFO, and (3) welghted-average (carry unit cost to four declmal places and round total cost to nearest dollar). 2. Repeat (a) assuming use of perlodic Inventory procedure