1. Fill in the blank spaces (where appropriate) below using the moving average method. Round unit cost to 2 decimal places.

Purchase	Unit Cost	Total cost	# Sold	COGS ($)	Units On Hand	Remaining Inv. Cost ($)	Moving Average Unit cost
200	$3.95	$790			200	$790	$3.95
			100
300	$4.25
			225
400	$4.45
			350

1. Answer the following questions

1. What is the total $ amount of Cost of Goods Sold? ____________________

1. What is the ending inventory $ value? __________________________

1. Prepare the inventory adjusting entry assuming a count showed only 200 units on hand.

1. Prepare the inventory adjusting entry assuming a count shows 230 units on hand.