The following information is available from the inventory records of Neer Company for January:

Units Unit Cost Total Cost

Balance at January 1 3,000 $9.77 $29,310

Purchases:

January 6 2,000 $10.30 $20,600

January 26 2,700 $10.71 $28,917

Sales:

January 7 (2,500)

January 31 (4,000)

Balance at January 31 1,200

All sales were made on account at a unit price of $14.

1. Record the January 31 sale assuming Neer uses perpetual FIFO.

2. Compute the cost of ending inventory assuming Neer uses periodic LIFO.

3. Compute the cost of ending inventory assuming Neer uses perpetual moving-average cost?