Chapter 7 Inventory Problem (Perpetual)
	Calculate:		Using:
	COGS		1. Moving-Average
	End Inventory		2. FIFO
			3. LIFO
						(COGS)		(End Inv)
						1. Moving-Average cost		1. Moving-Average Cost
		Units	Cost/Unit	Total		Units	Cost/Unit	Total		Units	Cost/Unit	Total		Total
	Beg Inv 1/1	500	$ 3.00	$ 1,500
	Purch 4/7	1,100	$ 3.20	$ 3,520
	Sales 5/8	(1,500)
	Purch 6/30	400	$ 4.00	$ 1,600
	Purch 12/7	1,600	$ 4.40	$ 7,040
	Sales 12/18	(1,200)
	End Inv 12/31	900		$ 13,660
								(2)				(2)		Sum (2)
						(COGS)		(End Inv)
						First In First Out		Last In Still There
						2. FIFO		LIST
		Units	Cost/Unit	Total		Units	Cost/Unit	Total		Units	Cost/Unit	Total		Total
	Beg Inv	500	$ 3.00	$ 1,500
	Purch 4/7	1,100	$ 3.20	$ 3,520
	Purch 6/30	400	$ 4.00	$ 1,600
	Purch 12/7	1,600	$ 4.40	$ 7,040
	Available	3,600		$ 13,660
	Sales	2,700						(2)				(2)		Sum (2)
	End Inv	900
						(COGS)		(End Inv)
						Last In First Out		First In Still There
						3. LIFO		FIST
		Units	Cost/Unit	Total		Units	Cost/Unit	Total		Units	Cost/Unit	Total		Total
	Beg Inv	500	$ 3.00	$ 1,500
	Purch 4/7	1,100	$ 3.20	$ 3,520
	Purch 6/30	400	$ 4.00	$ 1,600
	Purch 12/7	1,600	$ 4.40	$ 7,040
	Available	3,600		$ 13,660
	Sales	2,700						(3)				(3)		Sum (3)
	End Inv	900