Alternate problem E Following are data for Dandy Company for the year 2010:

Units Unit Cost Merchandi se Inventor y, January 1 700 @ $20.4 0

Pur chases :

Februar y 2 500 @@

21.00 Apr i l 5 1,000 24.00 June 1 5 600 @ 2/ .00 September 30 700 @ 30.00 November 28 900 4,400

@ 31.20 Sales :

Mar ch 5 400 July 18 1,200 Augus t 12 800 Oc tober 15 900 3,300

a. Compute the ending inventory as of 2010 December 31, assuming use of perpetual inventory procedure, under each of the following methods: (1) FIFO, (2) LIFO, and (3) weighted-average (carry unit cost to four decimal places and round total cost to nearest dollar).

b. Compute the ending inventory as of 2010 December 31, assuming use of periodic inventory procedure, under each of the following methods: (1) FIFO, (2) LIFO, and (3) weighted-average.