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ABC Co. has the following information in 2020:

2020		Units	Unit cost	Total Cost
Jan 1	Beginning Inventory	21	$57	$1197
Purchases:
Mar 28	Purchase	27	66	1782
Aug 22	Purchase	34	71	2414
Oct 14	Purchase	27	76	2052
Goods Available for Sale		109		$7445
Sales:			Unit Sales Price	Revenue
May 1	Sales	36	$100	$3600
Oct 28	Sales	26	$100	$2600
Total Revenue		62		$6200

Required:

Calculate the company's ending inventory and cost of goods sold under the following assumptions. Provide your answers in the space given below.

a. using the Weighted Average inventory costing methods, assuming the company uses the periodic system;

Weight Average Cost per Unit:	Blank 1. Calculate the answer by read surrounding text.
Ending Inventory:	Blank 2. Calculate the answer by read surrounding text.
Cost of Goods Sol	Blank 3. Calculate the answer by read surrounding text.

b. using the FIFO inventory costing methods, assuming the company uses the periodic system;

Ending Inventory:	Blank 4. Calculate the answer by read surrounding text.
Cost of Goods Sold:	Blank 5. Calculate the answer by read surrounding text.

c. using the FIFO inventory costing method, assuming the company uses the perpetual system;

Cost of Goods Sold:	Blank 6. Calculate the answer by read surrounding text.
Ending Inventory:	Blank 7. Calculate the answer by read surrounding text.

d. using the Weighted Average inventory costing method, assuming the company uses the perpetual system.

Cost of Goods Sold:	Blank 8. Calculate the answer by read surrounding text.
Ending Inventory:	Blank 9. Calculate the answer by read surrounding text.

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