Units Cost per unit Total

Beginning inventory 10 $10

Puirchase 3/31 40 $11

Purchase 4/30 25 $12

Purchase 5/31 25 $13

There is a total of 100 units. 35 units were left in ending inventory. Calculate the following under the periodic method for costing inventory:

Compute ending inventory using FIFO.

Compute cost of merchandise sold using FIFO.

Compute ending inventory using LIFO.

Compute cost of merchandise sold using LIFO.

Compute ending inventory using weighted average cost.

Compute cost of merchandise sold using weighted average cost.