Kayleigh sells water bottles for $5 each. At the start of this year, she had 10 bottles which had cost $2 each. Her first purchase of the year (Jan 18) was at $3 per bottle and the second purchase (Jan 30) was at $4 per bottle. Kayleigh’s water bottle purchase and sale summary for January is as follows:

Date	Quantity Purchased	Quantity Sold
Jan 2		2
Jan 8		3
Jan 14		4
Jan 18	12
Jan 22		6
Jan 28		5
Jan 30	10
Jan 31		2

Assuming she uses the moving-weighted-average-cost method, what are Kayleigh’s journal entries for the Jan 22 and Jan 31 sales?

Assuming she uses the Moving-Weighted-Average-Cost method, what is the value of Kayleigh’s ending inventory?

Assuming she uses the Moving-Weighted-Average-Cost method, what is Kayleigh’s Cost of Goods Sold Expense for January?

Date	Quantity Purchased	Quantity Sold
Jan 2		2
Jan 8		3
Jan 14		4
Jan 18	12
Jan 22		6
Jan 28		5
Jan 30	10
Jan 31		2

Assuming she uses the First-In-First-Out method, what are Kayleigh’s journal entries for Jan 22 and Jan 31?

Assuming she uses the First-In-First-Out method, what is the value of Kayleigh’s ending inventory?

Assuming she uses the First-In-First-Out method, what is Kayleigh’s Cost of Goods Sold Expense for January?