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Compute the ending inventory using LIFO for both the periodic and the perpetual methods below: units price 1-Jan Beginning inventory 3,500 $3.00 14-Jan Bought 1,500 $3.15 5-Feb Sold 1,000

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Compute the ending inventory using LIFO for both the  periodic and the perpetual methods below:
 units  price 
1-JanBeginning inventory           3,500  $                     3.00
14-JanBought           1,500  $                     3.15
5-FebSold           1,000
22-FebBought           2,000  $                     3.20
7-MarSold           1,500
15-MarSold           2,000
5-AprBought           1,000  $                     3.25
10-AprSold               800
12-AprSold               800
22-AprSold               500
4-MaySold               600
10-MayBought           2,000  $                     3.30
25-MaySold               500
LIFO Periodic Inventory (scroll down to see Perpetual input area)
PurchasedSoldBalance
Dateunits cost  total units cost  total units cost  total 
1-Jan3500 $       3.00  $           10,500.00
LIFO Perpetual Inventory
PurchasedSoldBalance
Dateunits cost  total units cost  total units cost  total 
1-Jan3500 $       3.00  $           10,500.00
 
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