Question

Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company...

Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic inventory system.

Beginning Inventory, January 1, 2018 1,200 units @ $85 each
Purchases:
January 15 2,500 units @ $100 each
January 21 2,300 units @ $105 each
Sales:
January 5 1,150 units @ $125 each
January 22 1,550 units @ $135 each
January 29 1,000 units @ $140 each
Ending Inventory, January 31, 2018 2,300 units

Required: Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods:

NOTE: COG = COST OF GOODS

FIFO COGS Available for Sale COG Sold - Periodic FIFO Ending Inventory - Periodic FIFO
# of units Cost per unit COGS Available for Sale # of units sold Cost per unit COG Sold # of units in ending inventory Cost per unit Ending Inventory
Beginning Inventory 1,200 $85 $102,000 1,200 $85 $102,000 0 $85 0
Purchases:
Jan 15 2,500 $100 $250,000 2,500 $100 $250,000 $0 $100 0
Jan 21 2,300 $105 $241,500 0 $105 $0 2,300 $105 $241,500
Total 6,000 $593500 $3,700 $352,.000 2,300 $241,500
LIFO COGS Available for Sale COG Sold - Periodic LIFO Ending Inventory - Periodic LIFO
# of units Cost per unit COGS Available for Sale # of units sold Cost per unit COG Sold # of units in ending inventory Cost per unit Ending Inventory
Beginning Inventory 1,200 $85 $102,000 0 $85 $0 1,200 $85 $102,000
Purchases:
Jan 15 2,500 $100 $250,000 ? $100 ? ? $100 ?
Jan 21 2,300 $105 $241,500 ? $105 ? 0 $105 0
Total 6,000 $593,000 ? ? ? ?

I have filled in what I know and I used a "check my work" function to know they're right, I'm just not sure about the answers where the question marks are.

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Answer #1
LIFO COGS Available for Sale COG Sold - Periodic LIFO Ending Inventory - Periodic LIFO
# of units Cost per unit COGS Available for Sale # of units sold Cost per unit COG Sold # of units in ending inventory Cost per unit Ending Inventory
Beginning Inventory 1,200 $ 85 $ 102,000 0 $ 85 $ 0 1,200 $ 85 $ 102,000
Purchases:
Jan-15 2,500 $ 100 $ 250,000 1400 $ 100 $ 140,000 1100 $ 100 $ 110,000
Jan-21 2,300 $ 105 $ 241,500 2300 $ 105 $ 241,500 0 $ 105 0
Total $ 6,000 $ 593,500 $ 3,700 $ 381,500 $ 2,300 $ 212,000
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