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Some of the information found on a detail inventory card for Bonita Inc. for the first month of operations is as follows. Date No. of

Some of the information found on a detail inventory card for Bonita Inc. for the first month of operations is as follows.

Date No. of Units Unit Cost Issued No. of Units Balance No. of Units
Jan 2 1600 3.75 1600
Jan 7 1100 500
Jan 10 1000 4.00 1500
Jan 13 900 600
Jan 18 1400 4.13 700 1300
Jan 20 1100 200
Jan 23 1700 4.25 1900
Jan 26 1200 700
Jan 28 2000 4.38 2700
Jan 31 1700 1000

If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1), (2), and (3) above be the same? What amount would be shown as ending inventory?

Ending Inventory

FIFO $
LIFO $
Average-cost $

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