Transactions UNIT FIFO ENDING UNIT AVERAGE ENDING Jan 1 Balance carry forward 100 units @ $10 each 100 1000 1000 100 1000 Jan 5 Purchased 100 units @ $11 each 100 1100 1100 100 1100 2100 @10.50 EACH Jan 10 Sold 50 units -50 -500 1600 -50 -525 1575 Jan 12 Purchased 200 units @ $9 200 1800 3400 200 1800 3375@ 9.64 EACH Jan 14 Sold 150 units JAN 1 + JAN 5 (50 + 100) -1600 1800 -150 -1446 1929 Jan 20 Sold 50 units 12-Jan -50 -450 1350 -50 -482 1447 Jan 30 Purchased 100 units @ $10 100 1000 2350 100 1000 2447 (2447/250= 9.79 EACH) ENDING BALANCE 250 2350 ENDING BALANCE 250 2447 AT WHAT COST IF WE APPLY FIFO SYSTEM UNIT LIFO ENDING JAN 5 30-Jan 100 1000 1000 JAN 10 12-Jan 200 1800 2800 JAN 14 05-Jan 100 1100 3900 JAN 20 01-Jan 100 1000 4900 SOLD 10-Jan -50 -500 4400 AT WHAT COST IF WE APPLY AVERAGE SYSTEM SOLD 14-Jan (50+100) (500+900) 3000 JAN 30 + JAN 12 JAN 5 SOLD 20-Jan -50 -450 2550 JAN 10 ENDING BALANCE 250 2550 JAN 14 JAN 20 AT WHAT COST IF WE APPLY LIFO SYSTEM JAN 5 JAN 10 JAN 14 JAN 20