SheridanCompany is a multiproduct firm that uses the perpetual inventory system. Presented below is information concerning one of its products, the Hawkeye.

Date Transaction Quantity Price/Cost

Jan.1 Beginning inventory 1,020 $11

Feb.4 Purchase 2,040 17

Feb. 20 Sale 2,550 34

Apr.2 Purchase 3,060 22

May4 Sale 2,244 37

A). Compute cost of goods sold under FIFO.

Cost of goods sold $=?

Ending inventory $=?

B). Compute cost of goods sold under LIFO

C). Compute using moving-average