Required:

Prepare the inventory movement records for the month of April applying the  Weighted Average  and  PEPS (FIFO) methods. 

Analyze the differences in the cost of sales and the balance of inventories obtained by both costing methods.

Below is information for the month of April corresponding to the only product marketed by POWER Inc. Balance as of April 1: 120 units at $7.00 each. SHOPPING Date 07-April 12-April 22-April SALES Date 08-April 11-April 21-April 24-April Units 70 90 75 Units 80 90 50 15 Sale price in S (c/u) 9.44 10.62 11.80 Sale Value in $ (c/u) 13.00 14.00 15.00 15.00