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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Blumen, Inc., for October 2019. Perpetual inventory system

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Blumen, Inc., for October 2019. Perpetual inventory system is used.

Units

Unit Cost

Total Cost

Units Sold

Beginning Inventory on Oct. 1

30

$18

$ 540

Oct. 8, Purchased 20 units

20

19

380

Oct. 15, Purchased 40 units

40

20

800

Oct. 21, Sold 55 units

55

Oct. 28, Purchased 20 units

20

22

440

Required: Compute the amounts of cost of goods sold and ending inventory for the month of October using the following methods:

(a) First-in, first-out :

(b) Last-in, first-out:

(c) Weighted-average :

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