Problem 7-5 Compute ending inventory under FIFO, LIFO, and weighted average using perpetual and periodic inventory procedures (L.O. 3) Sales The following purchases and sales for Ripple Company are for April 2019. There was no inventory on April 1. Purchases Unit Unit Cost Units April 3 6,000 @ $33.00 April 6 April 10 1,600 @ 34.00 April 12 April 22 2,000 @ 35.00 April 25 2,300 April 28 1,800 @ 36.00 1,500 1,400 a. Compute the ending inventory as of April 30, 2019, using the perpetual inventory procedure, under each of the following methods: (1) FIFO, (2) LIFO, and (3) weighted- average (carry unit cost to four decimal places, and round total cost to nearest dollar). b. Repeat part a using the periodic inventory procedure. Refer to the data in Problem 7-5. 2012