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Riverbed Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1...

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Accounting

Riverbed Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $565 each. On January 10, Riverbed purchased 7 units at $755 each. The company sold 2 units on January 8 and 4 units on January 15.
(a)
Your answer is correct.
Compute the ending inventory under FIFO.
FIFO
The ending inventory
$
Compute the ending inventory under LIFO.
LIFO
The ending inventory
$
3,395
(C)
Your answer is incorrect.
Compute the ending inventory under moving-average cost. (Round average-cost per unit to 3 decimal places, e.g.12.521 and final answer to 0 decimal places, e.g.1,250.)
MOVING-AVERAGE COST
The ending inventory
$
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