Farrell Ltd inventory activity for June is shown below. Farrell uses a perpetual inventory system:

Date	Transaction	Units	Unit cost	Total cost
1 April	Beginning inventory	30	$28	$840
7 April	Purchase	42	$30	$1,260
9 April	Sale	52
14 April	Purchase	60	$32	$1,920
30 April	Sale	45

Required:

1. Calculate the ending inventory and cost of each sales under the FIFO method.

[5 marks]

2. Calculate the ending inventory and cost of each sales under the weighted average method.

[5 marks]

[Total for Question 26 = 10 marks]