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Sarasota Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $655 each. On January 10,

Sarasota Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $655 each. On January 10, Sarasota purchased 8 units at $755 each. The company sold 2 units on January 8 and 4 units on January 15.

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Compute the ending inventory under FIFO. (Round answer to 0 decimal places, e.g. 1,250.)

FIFO

The ending inventory

$

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Compute the ending inventory under LIFO. (Round answer to 0 decimal places, e.g. 1,250.)

LIFO

The ending inventory

$

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Compute the ending inventory under moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, e.g. 1,250.)

MOVING-AVERAGE COST

The ending inventory

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