Ending Inventory FIFO Bal UFO Bal D Write-Up Problem #2 for Test 2 (15 points total) A. Compute COGS and Ending Inventory balances using the Perpetual Method and each of the following cost flow assumptions (FIFO & LIFO): (The 4 bold boxes below will be graded) Perpetual Method: FIFO LIFO Units Unit Price Total Cost 1-Jun Beg Inventory 300 S 10.00 $ 3,000 4-Jun Purchases 450 $ 12.00 $ 5,400 3 9-Jun Sales 500 14-Jun Purchases 250 $ 14.00 $ 3,500 10 15-Jun Purchases 250 S 15.00 $ 3,750 11 23-Jun Sales 22 30-Jun Purchases 225$ 16.00 $ 3,600 600 Ending Inventory UFO BAI Wed Ave bal Total Inven avail. For sale 1.475 $ 19,250 15 EOP (End of Period) inventory 375 S 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 coat flow assumptions (FVO, LIFO & Wid Average): (The bold boxes below will be graded) 21 Periodic Method: 22 FIFO UFO Units Unit Price Total Cost FIFO Bal 23 1-Jun Beg Inventory 300 $ 10.00 $ 3,000 4-Jun Purchases 450 $ 12.00 $ 5.400 26 14-Jun Purchases 250 S 14.00 $ 3,500 15-Jun Purchases 250 $ 15.00 $ 3.750 29 30-Jun Purchases 225 $ 16.00 $ 3,600 30 11 Total Inven avail. For sale 1.475 $ 19,250 32 EOP (End of Period) inventory 375 S 33 34 COGS (Cost of Goods Sold) 1.100 35 27 $ Inventory WS