Question: Calculate COGS and ending inventory for a perpetual inventory system using the following detail: Date Description Units Unit Cost Total Cost Feb 2 Beginning Bal

Calculate COGS and ending inventory for a perpetual inventory system using the following detail:

Date

Description

Units

Unit Cost

Total Cost

Feb 2

Beginning Bal

200

$3

$ 600

Feb 4

Purchase

100

$5

500

Feb 7

Purchase

300

$4

1,200

Feb 8

Sale

500

Feb 10

Purchase

300

$5

1,500

Feb 12

Sale

300

Feb 15

Purchase

1,000

$2

2,000

Feb 20

Sale

500

Feb 28

Purchase

1,000

$3

3,000

FIFO:

LIFO:

Weighted Average:

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