Seltzer Corporation sells Item A as part of its product line. Information as to balances on hand,

purchases, and sales of Item A are given in the following table for the first six months of 2018.

Ending Inventory Unit Price

Date Units Purchased Units Sold Balance of Purchase

January 1 -------- -------- 400 $4.00

January 24 1,600 -------- 2,000 $6.00

February 8 -------- 300 1,700 --------

March 16 -------- 700 1,000 --------

June 11 1,000 -------- 2,000 $8.00

Instructions:

Compute the ending inventory and cost of goods sold under each of the following inventory methods. Please show your work for full credit.

(a) FIFO (periodic).

(b) LIFO (periodic).

(c) Weighted-average (periodic).

(d) FIFO (perpetual).

(e) LIFO (perpetual).

(f) Moving-average (perpetual).