Spade Corp. is in the business of selling shovels. Information related to sales and purchases of inventory for the month of November is provided below:

	Units	Cost	Totals
Beginning Inventory	2,000	$10	$20,000
11/4 Purchase	1,000	$10.30	$10,300
11/8 Sale	1,500
11/12 Purchase	1,500	$10.40	$15,600
11/17 Purchase	4,500	$ 10.50	$47,250
11/27 Sale	5,000

REQUIRED:

Calculate Spades Cost of Goods Sold and Ending Inventory using the method indicated. Work each part independently.

1. Periodic, FIFO
2. Periodic, LIFO
3. Periodic, Average Cost
4. Perpetual, FIFO
5. Perpetual, LIFO
6. Perpetual, Average Cost
7. Please explain in depth