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The following information regarding inventory was taken from Top Hat Retail Companys records: Units Unit Cost Balance at 8/1 200 $26 Purchase 8/5 150 $30

The following information regarding inventory was taken from Top Hat Retail Companys records:

Units

Unit Cost

Balance at 8/1

200

$26

Purchase 8/5

150

$30

Purchase 8/11

200

$34

Purchase 8/20

180

$35

Sale 8/4

110

Sale 8/14

180

Sale 8/17

160

Required:

Determine the following:

Ending inventory under weighted average periodic, Ending inventory under FIFO periodic, and Cost of goods sold under FIFO perpetual

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