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Sydney Corporation uses a PERIODIC inventory system, and provides the following information related to its inventory during the month of April 2023. Compute the number

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Sydney Corporation uses a PERIODIC inventory system, and provides the following information related to its inventory during the month of April 2023. Compute the number of units on hand at the end of the month. Required: 1. Determine the cost assigned to ending inventory and to cost of goods sold using the FIFO method. Periodic FIFO \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline & \multicolumn{3}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{3}{|c|}{ Ending Inventory } \\ \hline & \begin{tabular}{c} \begin{tabular}{c} Number of \\ units \end{tabular} \\ \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Cost of Goods \\ Available for \\ Sale \end{tabular} & \begin{tabular}{l} Number of \\ units sold \end{tabular} & \begin{tabular}{l} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Cost of \\ Goods Sold \end{tabular} & \begin{tabular}{c} \# of units in \\ ending \\ inventory \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Ending \\ Inventory \end{tabular} \\ \hline Beginning inventory & & & & & $0.00 & & & $0.00 & \\ \hline Purchase of April 10 & & & & & $0.00 & & & $0.00 & \\ \hline Purchase of April 25 & & & & & $0.00 & & & $0.00 & \\ \hline Total & & & & & & & & & \\ \hline \end{tabular} 2. Determine the cost assigned to ending inventory and to cost of goods sold using the LIFO method. 3. Determine the cost assigned to ending inventory and to cost of goods sold using the average cost method. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{ Weighted average - Periodic } \\ \hline & \multicolumn{3}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{3}{|c|}{ Ending Inventory } \\ \hline & \begin{tabular}{c} Number of \\ units \end{tabular} & \begin{tabular}{c} Average \\ Cost per \\ unit \end{tabular} & \begin{tabular}{c} Cost of Goods \\ Available for \\ Sale \end{tabular} & \begin{tabular}{c} Number of \\ units sold \end{tabular} & \begin{tabular}{l} Average \\ Cost per \\ Unit \end{tabular} & \begin{tabular}{c} Cost of \\ Goods Sold \end{tabular} & \begin{tabular}{c} # of units in \\ ending \\ inventory \end{tabular} & \begin{tabular}{c} Average \\ Cost per \\ unit \end{tabular} & \begin{tabular}{c} Ending \\ Inventory \end{tabular} \\ \hline Beginning inventory & 3,000 & & $18,000 & & & & & & \\ \hline Purchase of April 10 & 1,200 & & 7,560 & & & & & & \\ \hline Purchase of April 25 & 1,400 & & 10,080 & & & & & & \\ \hline Total & 5,600 & & & & & & & & \\ \hline \end{tabular}

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