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(4.2A) Use different inventory costing methods. (Objs. 1-3). Monroeville Office Furniture Company, a manufacturer of office equipment, uses a perpetual inventory system to contro average costing method. IMG_2462.jpg e a Zoom Share Highlight Rotate Markup Q Search Search materials. During July 2006, the following transactions took place in completing an order for chairs and desks: Issued 110 units of Material B-42 on Materials Requisition 320. 3 July 1 Received 650 units of Material B-42 at $1.02 and 650 units of Material R-18 at $.65. These goods were ordered on Purchase Order 517 6 Issued 175 units of Material R-18 on Materials Requisition 347 8 Issued 150 units of Material B-42 on Materials Requisition 362 12 Issued 80 units of Material R-18 on Materials Requisition 463 26 Received 650 units of Material R-18 at S.59. These goods were ordered on Purchase Order 617 Issued 210 units of Material B-42 and 382 units of Material R-18 on Materials Requisition 822 31 Instructions 1. The number of units on hand, the unit price, and the total amount of July 1, 2006, are given below. Record each of the transactions on materials ledger cards. Use the FIFO method of inventory costing. Balance Reorder Reorder Point Material Quantity Units Price Amount B-42 Seats, Plywood R-18 Tops, Plastic 300 300 650 650 271 .95 $257.45 58.10 83 70 2. Record each of the transactions on materials ledger cards. Use the LIFO method of in- ventory costing. 3. Record each of the transactions on materials ledger cards. Use the moving average method of inventory costing. Compute new unit prices only after each new purchase of materials. Carry your computations to three decimal places