Question

Perpetual Investory ng LIED 200 4,500 5,000 2,000 145 The tim p ul investory wym the cost of each and they are In inverter the Westerom the mor e LETO

Answer 1

LIFO Method
Date	Purchase			Cost of Goods Sold			Inventory
	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost
Jan.1							4000	40	160000
Apr. 19				2500	40	100000	1500	40	60000
Jun. 20	4500	44	198000				1500	40	60000
							4500	44	198000
Sep. 2				500	40	20000
				4500	44	198000	1000	40	40000
No. 15	2000	46	92000				1000	40	40000
							2000	46	92000
Dec. 31			290000			318000			132000
FIFO Method
Date	Purchase			Cost of Goods Sold			Inventory
	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost
Jan.1							4000	40	160000
Apr. 19				2500	40	100000	1500	40	60000
Jun. 20	4500	44	198000				1500	40	60000
							4500	44	198000
Sep. 2				1500	40	60000
				3500	44	154000	1000	44	44000
No. 15	2000	46	92000				1000	44	44000
							2000	46	92000
Dec. 31			290000			314000			136000
Weighted Average Cost Method
Date	Purchase			Cost of Goods Sold			Inventory
	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost
Jan.1							4000	40	160000
Apr. 19				2500	40	100000	1500	40	60000
Jun. 20	4500	44	198000				6000	43	258000
Sep. 2				5000	43	215000	1000	43	43000
No. 15	2000	46	92000				3000	45	135000
Dec. 31			290000			315000			135000