question 1

The records of Cordova Corp. showed the following transactions, in the order given, relating to the major inventory item: Unit Units Cost 1. Inventory 3,000 $6.90 2. Purchase 6,000 7.20 3. Sale (at $15) 4,000 4. Purchase 5,000 7.50 5. Sale (at $15) 9,000 6. Purchase 11,000 7.66 7. Sale (at $18) 9,000 8. Purchase 6,000 7.80 ' Required: Complete the following schedule for each independent assumption. (Round unit costs to the nearest cent): FIFO Weighted average, periodic inventory system Moving average, perpetual inventory system