7 A 8 D E F G H K A. Compute COGS and Ending Inventory balances using the Perpetual Method and each of the following 3 cost flow assumptions (FIFO & LIFO): (The 4 bold boxes below will be graded!) 4 Perpetual Method: Ending Inventory FIFO LIFO Units Unit Price Total Cost FIFO Bal LIFO Bal 6 1-Jun Beg Inventory 300 $ 10.00 $3,000 4-Jun Purchases 450 $ 12.00 $ 5,400 8 9-Jun Sales 500 9 14-Jun Purchases 250 $ 14.00 S 3,500 10 15-Jun Purchases 250 $ 15.00 $ 3,750 11 23-Jun Sales 600 12 30-Jun Purchases 225$ 16.00 $ 3,600 13 14 Total Inven avail. For sale 1,475 $ 19,250 15 EOP (End of Period) inventory 375 $ 16 17 COGS (Cost of Goods Sold) 1,100 18 19 B. Compute COGS and Ending Inventory balances using the Periodic Method and each of the following 20 cost flow assumptions (FIFO, LIFO & Wid Average) (The 6 bold boxes below will be graded!) 21 Periodic Method Ending inventory FIFO LIFO Units Unit Price Total Cost FIFO Bal LIFO Bal Wtd Ave bal 23 1-Jun Beg Inventory 300 $ 10.00 $ 3,000 24 4-Jun Purchases 450 S 12.00 $ 5,400 26 14-Jun Purchases 250 $ 1400 $ 3.500 27 15-Jun Purchases 2505 15.00 $ 3,750 29 30-Jun Purchases 225 $ 16.00 $ 3,600 30 31 Total Invon avail For sale 1,475 $ 19,250 32 EOP (End of Period) inventory 375 $ S Inventory w