The Gidewall Corporation uses part 210 in a manufacturing process. Information as to balances on hand, purchases, and requisitions of part 210 is given in the following table:

Instructions: What is the closing inventory under each of the following pricing methods? (Round unit costs to three decimal places.)
1. Perpetual FIFO
2. Periodic FIFO
3. Perpetual LIFO
4. Periodic LIFO
5. Perpetual average
6. Periodicaverage

Transcribed Image Text:

Quantities Received Issued Balance Purchase Price Unit 200 400 $1.55 170 January 8 January 29 February 8 March 20. July 10 August 18 September November 14 December 29 200 80 160 160 310 50 75 110 75 125 375 275 250 2.00 100