Sceptre began 20X5 with 1,000 lbs of coffee. These units were purchased near the end of 20x4 for $100 each. During the month of January 1000 units were purchased on January 8 for $110 each and another 500 units were purchased on January 19 for $115 each. Sales of 500 units and 1,000 units were made on January 10 and January 25, respectively. Sceptre uses a periodic inventory system. Place your answer in the designated yellow box for each question. Show your work below the yellow boxes.

Required:

1. Calculate GOGS under a FIFO Method at the end of January

2. Calculate GOGS under an Avg Cost Method at the end of January

3. Calculate GOGS under a LIFO Cost Method at the end of January

4. Calculate ending inventory under a FIFO Method

5. Calculate ending inventory under an average cost Method

6. Calculate ending inventory under a LIFO cost Method