The transactions for the period of Jan-Oct are as below:

Date Description Units Cost per unit Selling Price Total Cost

1-Jan Beginning Inventory 280 $ 80 $ 22,400

10-Feb New Purchase 195 $ 84 $ 16,380

20-Feb Units Sold 360 $ 160 $ 57,600

13-Mar New Purchase 290 $ 78 $ 22,620

5-Sep New Purchase 255 $ 64 $ 16,320

10-Oct Units Sold 510 $ 160 $ 81,600

Part 1 Assign the cost of inventory and show inventory balances under FIFP-Perpetual

Part 2 Assign the cost of inventory and show inventory balances under moving weighted-average-perpetual

Part 3 Show Sales, Cost of Goods Sold and Gross Profit under both methods

Part 4 What's your GP Margin ratio under both systems?