PART II(40 POINTS) The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Tina Star Company for an operating period.

	Units	Unit Cost		Total Cost		Units Sold	Units on Hand
Beginning Inventory	20	$116		$ 2,320			20
Purchase No. 1	20	124		2,480			40
Sale No. 1						30	10
Purchase No. 2	90	128		11,520			100
Sale No. 2						80	20
Purchase No. 3	70	144		10,080		____	90
Totals	200			$26,400		110

Required:

1. Assuming Tina Star Company uses FIFO periodic inventory procedures, the ending inventory cost is what amount? 2. Assuming Tina Star Company uses LIFO periodic inventory procedures, the ending inventory cost is what amount?

3. Assuming Tina Star Company uses weighted-average (periodic) inventory procedures, the ending inventory cost is what amount?

4. Assuming Tina Star Company uses FIFO perpetual inventory procedures, sale No. 1 is recorded as an entry to Cost of Goods Sold for what amount?