Inventory Costing MethodsPerpetual Method Fortune Stores uses the perpetual inventory system for its merchandise inventory. The April 1 inventory for one of the items in the merchandise inventory consisted of 120 units with a unit cost of $330. Transactions for this item during April were as follows:

April	9	Purchased	40	units @	$345 per unit
14	Sold	80	units @	$550 per unit
23	Purchased	20	units @	$350 per unit
29	Sold	40	units@	$550 per unit

Required a. Calculate the cost of goods sold and the ending inventory cost for the month of April using the weighted-average cost method. Do not round until your final answers. Round your final answers to the nearest dollar. b. Calculate the cost of goods sold and the ending inventory cost for the month of April using the first-in, first-out method. c. Calculate the cost of goods sold and the ending inventory cost for the month of April using the last-in, first-out method.

a.	Weighted Average
Ending Inventory	$Answer
Cost of goods Sold	$Answer
b.	First-in, First-out:
Ending Inventory	$Answer
Cost of Goods Sold:	$Answer
c.	Last-in, first-out:
Ending Inventory	$Answer
Cost of Goods Sold:	$Answer