em Alternative Inventory Methods Garrett Company has the following transactions during the months of April and May: Date Transaction Units Cost/Unit April 1 Balance 500 17 Purchase 200 $5.20 25 Sale 150 28 Purchase 100 5.80 May 5 Purchase 250 5.20 18 Sale 300 22 Sale 50 The cost of the inventory on April 1 is $5, $4, and $2 per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions. Required: 1. Compute the costs of goods sold for each month and the inventories at the end of each month for the following alternatives: a. FIFO periodic Cost of Goods Sold Ending Inventory $ April $ $ May $ b. FIFO perpetual Cost of Goods Sold Ending Inventory April $ 2,775 X 1,075 X May $ $ c. LIFO periodic Cost of Goods Sold Ending Inventory April $ $ May $ $ d. LIFO perpetual (Round your intermediate calculations to the nearest cent.) Cost of Goods Sold Ending Inventory April $ $ May $ e. Weighted average (Round unit costs to 4 decimal places and final answer to the nearest dollar.) Cost of Goods Sold Ending Inventory April $ $ $ $ May f. Moving average (Round unit costs to 2 decimal places. Round your final answers to nearest dollar.) e. Weighted average (Round unit costs to 4 decimal places and final answer to the nearest dollar.) Cost of Goods Sold Ending Inventory April May $ f. Moving average (Round unit costs to 2 decimal places. Round your final answers to nearest dollar.) Cost of Goods Sold Ending Inventory April $ $ May $ 2. Reconcile the difference between the LIFO periodic and the LIFO perpetual results. If an amount is zero, enter "o". April Cost of Goods Sold Ending Inventory Difference $ $ May Cost of Goods Sold Ending Inventory $ Difference S