TRIPLEA PLC is engaged in purchase and sale of a single type of energy drink. 

At beginning of year, company had an inventory of 700 units valued at $1,500 each. First sale made this year was to a gymnasium, which purchased 240 units. Then, during February, it was purchased from two different suppliers. Last sale of quarter was to a sports event producer, who had to cancel one of events due to rain and returned part of their purchase. 

As usual, at end of quarter, company did a physical inventory count and realized that 30 beverages were missing, which according to managers is normal for marketing companies of this type. 

TRIPLEA PLC uses FIFO to account for its inventory and has a policy that all purchases and sales are cash. Assume that there are no taxes.

Following is a detail of company's inventory movements during first quarter of this year:

DATE	MOVEMENTS	UNITS	PRICE	UNIT COST	TOTAL $
01-05-2012	SALE	240	$ 2,200		$ 528,000
02-10-2012	PURCHASE	500		$ 900	$ 450,000
02-21-2012	PURCHASE	180		$ 700	$ 126,000
03-01-2012	SALE	550	$ 1,800		$ 990,000
03-15-2012	RETURN OF SALE	480

Required:

1. Make accounting entries for movements shown in table of movements in statement.
2. What is value of ending inventory as of March 31, 2012? Detail how ending inventory is made up by ordering inventory by age.
3. What entry should TRIPLEA PLC make when making physical count?
4. What would be value of ending inventory, before physical count, if company used Weighted Average Cost to account for its inventories?