Farmville Tools sells shovels nationwide to farmers. For March, Farmville had beginning inventory of 270 shovels with a per-shovel cost of $15. During March, Farmville made the following purchases of additional shovels.

Farmville uses a periodic inventory system. During March, 525 shovels were sold on the following dates:

Required
a. Determine ending inventory and cost of goods sold under each of the inventory cost flow assumptions (LIFO, FIFO, and weighted average).
b. Compute the inventory turnover and days in inventory ratios under each inventory costing method.
c. Which method yields ratios that show the most effective turnover of inventory? Are the company's inventory sales different depending on the costing method chosen? If not, why are the ratios different?

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March 8 50 16.25 March 22 115S 18.00 March 13 130S1750 March 29 6018.50 March 10 March 17 100 March 21 120 March 30 175 130