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The records of Cordova Corp. showed the following transactions, in the order given, relating to the major inventory item: Units Unit Cost 1. Inventory 6,400

The records of Cordova Corp. showed the following transactions, in the order given, relating to the major inventory item:

Units Unit Cost 1. Inventory 6,400 $ 6.20

UNITS UNIT COST $

2. Purchase 1 2,800 $6.50

3. Sale (at $13.60) 9,100

4. Purchase 11,800 6.80

5. Sale (at $13.60) 19,200

6. Purchase 21,200 6.96

7. Sale (at $16.60) 19,200

8. Purchase 12,800 $7.10

Required: Complete the following schedule for each independent assumption. (Round unit costs to the nearest cent.)

FIFO: Ending inventory, CGS, Gross Margin

WEIGHTED AVERAGE PERIODIC INV: Ending inventory, CGS, Gross Margin

MOVING AVERAGE PERPETUAL INV: Ending inventory, CGS, Gross Margin

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