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Perpetual System- Calculating Ending Inventory and cost of Sales using Moving Average, FIFO, and LIFO...

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Perpetual System- Calculating Ending Inventory and cost of Sales using Moving Average, FIFO, and LIFO April Inc. maintains a perpetual inventory system and recorded the following information for the month of January. Date Units Unit Cost Inventory, January 1 855 $10.50 Purchase, January 10 360 12.00 Purchase, January 20 180 13.25 Purchase, January 28 540 Sale, January 5 450 Sale, January 13 Sale, January 31 Inventory, January 31 1,017 14.00 180 288 Required Compute ending inventory and cost of goods sold for the month ending January 31 using the method indicated below. Note: Carry all decimals in calculations; round the final answers to the nearest dollar. Ending Inventory COGS 1. Moving average method. $ $ 2. FIFO method. 3. LIFO method

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