Shown below is the activity for one of the products of Random Creations: December 1 balance, 80 units @ $50

Date Event Number of Units Cost per Unit ($)

Dec/02 Purchase 100 5

Dec/05 Sale 110 N/A

Dec/10 Sale 50 N/A

Dec/18 Purchase 100 5.5

Calculate the CGS and End Inventory using:

• FIFO Perpetual
• Average Cost Periodic