The inventory, purchases, and sales of Product CAT for March and April are listed below. The company closes its books at the end of each month. It uses the periodic inventory system.

Required
1. Compute the cost of the ending inventory on March 31 and April 30 using the average-cost method. In addition, determine cost of goods sold for March and April, Round unit costs to cents and totals to dollars.
2. Compute the cost of the ending inventory on March 31 and April 30 using the FIFO method. Also determine cost of goods sold for March April.
3. Compute the cost of the ending inventory on March 31 and April 30 using the LIFO method. Also determine cost of goods sold for March and April.
4. Do the cash flows from operations for March and April differ depending on which inventory costing method is used-average-cost, FIFO or LIFO?Explain.

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60 uniss $98 100 units&S104 90 units 70 units 120 units $106 50 unis S108 200 unts 100 units S110 140 uns Mar 1 Beginning inventory 10 Purchase 19 Sale 31 Ending inventory Apr. 4 Prchase 15 Purchase 23 Salc 25 Purchase 30 Ending inventory