Swift Companys inventory records show the following information.

	Date	Units	Unit cost
Beginning Inventory:	May 1	1,100	$20.50
Purchases:	May 3	10,000	20.80
	May 20	8,000	21.00
	May 30	3,000	21.50
Sales:	May 7	5,000
	May 22	8,500
Ending Inventory	May 31	8,600

Assume Swift Company uses a perpetual inventory system and the moving average method as a cost flow method. Determine ending inventory balance on May 31.

Note: Do not round intermediate calculations. Only the final answer should be rounded. If you're within a few dollars of an answer choice, it's probably just a rounding issue.

		$179,745
		$180,191
		$181,543
		$182,100

Assume Swift Company uses a perpetual inventory system and the first-in, first-out (FIFO) method as a cost flow method. Determine ending inventory balance on May 31.

Note: Do not round intermediate calculations. Only the final answer should be rounded.

		$178,550
		$180,650
		$182,100
		$184,900

Assume Swift Company uses a perpetual inventory system and the last-in, first-out (LIFO) method as a cost flow method. Determine ending inventory balance on May 31.

Note: Do not round intermediate calculations. Only the final answer should be rounded.

		$178,550
		$180,650
		$182,100
		$184,900