Use the information below to determine the number of units in ending inventory

and the ending inventory value using the perpetual inventory system for FIFO.

($)

Number Per

Date Transaction of units unit

Apr. 3 Inventory 30 800

8 Purchase 60 820

11 Sale 40 -

30 Sale 30 -

May 8 Purchase 60 850

10 Sale 20 -

19 Sale 15 -

28 Purchase 80 900

Part 2

There are 10 units in ending inventory compute the value of the ending inventory

using the periodic inventory method. Compute the answer using FIFO, LIFO and the average

cost methods. (round your answer to the nearest whole number)

Price Cost

Number Per Per

Date Transaction of units unit Purchase

Apr. 3 Inventory 2 10 20

8 Purchase 2 15 30

11 Purchase 3 20 60

30 Purchase 2 25 50

May 8 Purchase 3 25 75

10 Purchase 3 30 90

19 Purchase 3 30 90

28 Purchase 3 35 105

June 5 Purchase 3 40 120

16 Purchase 4 40 160

21 Purchase 4 45 180

28 Purchase 3 50 150

Use the information below to determine the number of units in ending inventory

and the ending inventory value using the perpetual inventory system for FIFO.