Under the? average-cost method, PaloozaPalooza?'s total cost of ending inventory is ?$__ and the cost of goods sold for the year is ?$____.

Requirement b.

ComputePaloozaPalooza?'s ending inventory and cost of goods sold under the FIFO? cost-flow method assumption assuming a perpetual inventory system? (round your answer for cost per unit to two decimal? places). ?(When entering the layers for the units? sold, enter the first layer sold under FIFO on the first available? line, then the next layer sold under FIFO on the next? line, and so on. CGS? = Cost of Goods? Sold.)

FIFO:					CGS
	Units	Unit	Total	Units	per		Inventory
Transaction	Purchased	Cost	Cost	Sold	Unit	CGS	Balance
Beginning inventory

Purchase - January 23

Purchase - February 14

Purchase - March 17

Sale - April 13

Purchase - May 5

Purchase - July 4

Sale - October 31

Purchase - November 22

Under the FIFO? method,PaloozaPalooza?'s total cost of ending inventory is ?$__and the cost of goods sold for the year is $____

Requirement c. Compute

PaloozaPalooza?'s ending inventory and cost of goods sold using the LIFO? cost-flow method assumption assuming a perpetual inventory system? (round your answer for cost per unit to two decimal? places).Begin by preparing PaloozaPalooza Stores' perpetual inventory record under the? last-in, last-out? (LIFO) method for the year. ?(When entering the layers for the units? sold, enter the first layer sold under LIFO on the first available? line, then the next layer sold under LIFO on the next? line, and so on. CGS? = Cost of Goods? Sold.)

LIFO:					CGS
	Units	Unit	Total	Units	per		Inventory
Transaction	Purchased	Cost	Cost	Sold	Unit	CGS	Balance
Beginning inventory

Purchase - January 23

Purchase - February 14

Purchase - March 17

Sale - April 13

Purchase - May 5

Purchase - July 4

Sale - October 31

Purchase - November 22

Under the LIFO? method, PaloozaPalooza?'s total cost of ending inventory is ?$___and the cost of goods sold for the year is?$_____