Inventory Costing MethodsPerpetual MethodFortune Stores uses the perpetualinventory 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

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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.

QUESTION 4 Not changed since last attempt Marked out of 6.00 V Flag question 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 oprriI using the weighted-average cost method. Do not round until your nal answers. Round your final answers to the nearest dollar. b. Calculate the cost of goods sold and the ending inventory cost for the month oprriI using the rst-in, rst-out method. c. Calculate the cost ofgoods sold and the ending inventory cost for the month oprril using the last-in, rstout method. Required a. Calculate the cost ofgoods sold and the ending inventory cost for the month oprril using the weighted-average cost method. Do not round until your nal answers. Round your nal answers to the nearest dollar. b. Calculate the cost of goods sold and the ending inventory cost for the month oprriI using the rst-in, rst-out method. c. Calculate the cost ofgoods sold and the ending inventory cost for the month of April using the last-in, rst-out method. a. Weighted Average Ending Inventory 5 0 Cost of goods Sold $ 0 b. First-in, First-out: Ending Inventory 3 0 Cost of Goods Sold: 5 0 c, Last-in, rst-out: Ending Inventory Cost of Goods Sold: 5 0