Using the attached T-account template, prepare the entries to recognize the following transactions for ABC Company with respect to Inventory Item # 1234

Date	Transaction	Quantity	Purchase Price	Selling Price
1/1/17	Beginning Inventory	1,500	$10
1/10/17	Purchase	2,500	$15
1/12/17	Sale	(3,000)		$30
1/19/17	Purchase	2,000	$20
1/23/17	Sale	(500)		$31
1/29/17	Sale	(1,700)		$34

Use separate T-account templates to prepare the entries under the following criteria:

a. Periodic system, FIFO cost flow method

b. Perpetual system, FIFO cost flow method

c. Periodic system, LIFO cost flow method

d. Perpetual system, LIFO cost flow method