On January 7 The Marques company had 400 units of inventory on hand at a cost of $12 per unit. The company purchased inventory 4 times during the year. The Following information relates to the inventory purchases:

Assume Marques Company sold 1000 units of inventory during 2007
A) Compute the ending inventory and COGS assuming Marques follows IFRS and chooses to use the Weighted Average method.
B) Compute the ending inventory and COGS assuming Marques follows US GAAP and chooses to use LIFO.

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March 1 Purhased Juneurshased 200 Uaits @ S16 Austurshased 250 Uais @517 300 Units @s15 200 Units S16 250 Units @s17 Purshased300 Units @518 October 1