I. Answer the below questions using the following inventory information:

Date		Units	Unit Cost	Unit Selling Price
July 1	Beginning Inventory	50	$10
July 13	Purchase	250	$13
July 25	Sold	(100)		$15
July 31	Ending Inventory	200

a) Using First In First Out (FIFO) method, calculate: i. Cost of Goods available for sale ii. Ending Inventory amount iii. Cost of Goods sold

b) Using Last In First Out (LIFO) method, calculate: Cost of Goods available for sale iv. Cost of Goods available for sale v. Ending Inventory amount vi. Cost of Goods sold

c) Using Weighted Average method calculate: vii. Cost of Goods available for sale viii. Ending Inventory amount ix. Cost of Goods sold