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Goods Available for Sale Dates Units Amounts $ 4,250.00 1,800.00 17,100.00 24,000.00 1/1 Inventory 1/5 Purchases 1/10 Purchases 1/22 Purchases Goods Available for Sale Less: Cost of Goods Sold (units) - 200 + 800 + 1,000 Ending Inventory (Units) Cost/Unit 250S 17.00 100 18.00 900 19.00 1,200 20.00 2,450 $ 47,150.00 2,000 450 Units Periodic Inventory System First-In, First-Out (FIFO) Ending Inventory consists of 450 Units: 450 Units @ $20 = 59,000.00 Cost of Goods Sold = Goods Available for Sale - Ending Inventory = $47,150 - $9,000 $ 38,150.00 $ last-In, First-Out (LIFO] Ending Inventory consists of 450 Units: 250 Units @ $17= 100 Units @ $18= 100 Units @ $19 = Ending Inventory 4,250.00 1,800.00 ,900.00 $ 7.950.00 Cost of Goods Sold = Goods Available for sale - End = $47,150 $7.950 = 1399,200.00 Periodic Inventory System Weighted Average Cost Weighted Average Cost/Unit = Goods Available for Sales (in dollars)/Goods Available for Sales (in units) =$47,150/2,450 Units $ 19.24 Ending Inventory = Ending Inventory (Units) Weighted Average Cost/Unit = 450 Units * $19.24 = $ 8,658.00 Cost of Goods Sold = Goods Available for Sale - Ending Inventory = $47,150 - $8,658 = $ 38,492.00 Please attempt to do the following for this question for Tuesday's class. b) What were the values of ending inventory and costs of goods sold under a perpetual Inventory system assuming a (1) FIFO (2) LIFO (3) average cost flow (Note: Round unit costs to two decimal places.)

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