Reference no: EM132646289

The following information was available from the inventory records of the Brooks Company for January 2002:

                                                Units                Unit cost                  Total Cost

Balance at January 1, 2002    3,000                19.55                      58,650

Purchases:

January 6, 2002                 10,200                 21.50                      219,300

January 26,2002                    2,250                  20.60                       46,350

Sales:

January 7, 2002                     2,700

January 31, 2002                  7,200

Requirements:

Problem 1: Compute for the (1) Ending inventory and (2) cost of goods sold under each of the following cost flow formulas:

a. FIFO Periodic

b. FIFO Perpetual

c. Weighted Average Cost Periodic

d. Weighted Average Cost Perpetual (Moving Average)