LIFO, FIFO, & Moving Average Cost: Perpetual Inventory Methods:

Rock Shop shows the following data related to an item of inventory:

Inventory, January 1st................. 100 units @ $5.00

Purchase, January 9th................. 300 units @ $5.40

Sold, January 11th...................... 325 units

Purchase, January 19th................ 70 @ $6.00

Purchase, January 21st................. 250 @$6.10

Sold, January 28th....................... 150 units

Please answer the following questions under the Perpetual Inventory Method:

1) What is the value of Ending Inventory & COGS under the FIFO Method?

2) What is the value of Ending Inventory & COGS under the LIFO Method?

3) What is the value of Ending Inventory & COGS under the Moving Avg. Cost Method?