Inventory

Date Transaction Quantity Price/Cost

1-Jan Beginning Inventory 1600 $ 31.00 $ 49,600
6-Mar Sale -1000 $ 50.00
26-Jun Purchase 3500 $ 33.00 $ 115,500
2-Aug Purchase 2000 $ 34.00 $ 68,000
31-Oct Sale -4000 $ 52.00
Ending Inventory 2100 Goods Available for Sale $ 233,100

Periodic
FIFO
Sold 1000
1000 at 31 $ 31,000
Sold 4000
600 at 31 $ 18,600
3400 at 33 $ 112,200
Cost of Goods Sold $ 161,800

GAS COGS Ending Inventory

$ 233,100 $ 161,800 $ 71,300
LIFO
Sold 1000
1000 at 34 $ 34,000
Sold 4000
1000 at 34 $ 34,000
3000 at 33 $ 99,000
Cost of Goods Sold $ 167,000

GAS COGS Ending Inventory

$ 233,100 $ 167,000 $ 66,100
Weighted Average
$ 233,100.00 Average COG
7100 $ 32.83

Sold 5000
5000 at 32.83 $ 164,150
GAS COGS Ending Inventory
$ 233,100 $ 164,150 $ 68,950

Perpetual
FIFO
Sold 1000
1000 at 31 $ 31,000
Sold 4000
600 at 31 $ 18,600
3400 at 33 $ 112,200
Cost of Goods Sold $ 161,800

GAS COGS Ending Inventory

$ 233,100 $ 161,800 $ 71,300
LIFO
Sold 1000
1000 at 31 $ 31,000
Sold 4000
2000 at 34 $ 68,000
2000 at 33 $ 66,000
Cost of Goods Sold $ 165,000
 GAS COGS Ending Inventory
$ 233,100 $ 165,000 $ 68,100

Average
49600 Average COG
1600 31

Sold 1000
1000 at 31 $ 31,000

$ 202,100 Average COG

6100 $ 33.13

Sold 4000
4000 at 33.13 $ 132,520
Cost of Goods Sold $ 163,520

GAS COGS Ending Inventory

$ 233,100 $ 163,520 $ 69,580