Use the data from Problem 6-3B and do Part 1 assuming Manson Company uses a periodic inventory costing system. Round calculations to two decimal places.
In Exercise 6.3
The Manson Company has the following sales, inventory, and purchases during the fiscal year ended December 31, 2014.

Manson Company employs a perpetual inventory system.

Required:
Calculate the dollar value of ending inventory and cost of goods sold using:
(a) FIFO
(b) Moving weighted average method. Round all unit costs to two decimal places.

Transcribed Image Text:

Beginning inventory180 units $30/unit 145 units$40/unit Apr. 30 purchased315 units $29/unit 225 units$25/unit 540 units$40/unit Oct. 5 purchased.2