we have to do the same question with FIFO method also.

f. S6-8 Inventory Ishr Company uses the moving weighted average method for inventory costing. You are to complete the fol- wing inventory sheet regarding Product XJ23789 (round calculations to two decimal places): 1 Purchases/Transportation-In/ (Purchase Returns/Discounts) Units Cost/Unit Total $ Cost of Goods Sold/ (Returns to Inventory) Units Cost/Unit Total $ Balance in Inventory Total $ Units Avg Cost/Unit Date 10 $15.00 $150.00 Jan. 1 Brought Forward 6 3 7 25 $18.50 $462.50 50.00 (46.25) 8 17 14 18 ote: January 8 reflects transportation costs regarding the January 7 purchase. The $46.25 on January 17 repre- nts the discount taken regarding payment of the January 7 purchase within the discount period