Question 4: Hamid Software reported the following:

Beginning Inventory	July 1	250 units @ BD 12	BD 3,000
Purchases:	July 3	125 units @ BD 11	BD 1,375
	July 10	342 units @ BD 10	BD 3,420
	July 25	400 units @ BD 12	BD 4,800
	July 30	100 units @ BD 10	BD 1,000
Sales	July 4	150 units
	July 13	230 units
	July 25	400 units

Instructions:

Determine the COGS and ending inventory cost at July 31 using the assumtions (a) FIFO (4 marks) and (b) average-cost (4 marks)