Here are purchases and sales for march :

DATE TRANSACTION UNIT PRICE/UNIT TOTAL

Mar-01 Beg balance 100 $10 $1,000
Mar-10 Purchase 200 $11 $2,200
Mar-20 Sell 200 $15 $3,000
Mar-25 Purchase 300 $12 $3,600
Mar-30 Sell 300 $16 $4,800
1100 $14,600
Compare cost of sales, ending inventories and gross margin
under the following methods :
Perpetual FIFO Periodic FIFO
Pepetual LIFO Periodic LIFO
Perpetual Average Periodic Average

weighted average/ periodic average $13.27

perodic fifo periodic lifo
$1,200 $1,000
 FIFO
IN OUT
DATE
UNIT PRICE TOTAL UNIT PRICE
Mar-01
Mar-10 200 $ 11 $ 2,200

Mar-20 100 $ 10
100 $ 11
Mar-25 300 $ 12 $ 3,600

Mar-30 100 $ 11
200 $ 12

COMPARATION OF ENDING INVENTORY, COGS AN

PERPETUAL SYSTEM
FIFO LIFO AVERAGE
BEG BALANCE $ 1,000 $ 1,000 $ 1,000
PURCHASE $ 5,800 $ 5,800 $ 5,800
AVAILABLE GOOD SOLD $ 6,800 $ 6,800 $ 6,800
ENDING INVENTORY $ 1,200 $ 1,000 $ 1,166.67
COST OF GOOD SOLD $ 5,600 $ 5,800 $ 5,633.33

GROSS MARGIN FIFO LIFO AVERAGE

SALES $ 7,800 $ 7,800 $ 7,800
COGS $ 5,600 $ 5,800 $ 5,633.33
GROSS MARGIN $ 2,200 $ 2,000 $ 2,166.67
IFO
OUT BALANCE
TOTAL UNIT PRICE TOTAL
100 $ 10 $ 1,000
100 $ 10 $ 1,000
200 $ 11 $ 2,200
$ 1,000 - - -
$ 1,100 100 $ 11 $ 1,100
100 $ 11 $ 1,100
300 $ 12 $ 3,600
$ 1,100 - - -
$ 2,400 100 $ 12 $ 1,200

F ENDING INVENTORY, COGS AND GROSS PROFIT

PERIODIC SYSTEM
FIFO LIFO AVERAGE
BEG BALANCE $ 1,000 $ 1,000 $ 1,000
PURCHASE $ 5,800 $ 5,800 $ 5,800
AVAILABLE GOOD SOLD $ 6,800 $ 6,800 $ 6,800
ENDING INVENTORY $ 1,200 $ 1,000 $ 1,327.27
COST OF GOOD SOLD $ 5,600 $ 5,800 $ 5,472.73

GROSS MARGIN FIFO LIFO AVERAGE

SALES $ 7,800 $ 7,800 $ 7,800
COGS $ 5,600 $ 5,800 $ 5,472.73
GROSS MARGIN $ 2,200 $ 2,000 $ 2,327.27
 LIFO

IN OUT
DATE

UNIT PRICE TOTAL UNIT PRICE TOTAL

Mar-01

Mar-10 200 $ 11 $ 2,200

Mar-20 200 $ 11 $ 2,200

Mar-25 300 $ 12 $ 3,600

Mar-30 300 $ 12 $ 3,600

 BALANCE

UNIT PRICE TOTAL

100 $ 10 $ 1,000

100 $ 10 $ 1,000

200 $ 11 $ 2,200

100 $ 10 $ 1,000

100 $ 10 $ 1,000

300 $ 12 $ 3,600

100 $ 10 $ 1,000
 AVERAGE
DATE IN OUT BALAN

UNIT PRICE TOTAL UNIT PRICE TOTAL UNIT

Mar-01 100

Mar-10 200 $ 11 $ 2,200 300

Mar-20 200 $ 10.67 $ 2,133.33 100

Mar-25 300 $ 12 $ 3,600 400

Mar-30 300 $ 11.67 $ 3,500.00 100

AVERAGE PRICE PER UNIT 14.78

 BALANCE

PRICE TOTAL

$ 10.00 $ 1,000.00

$ 10.67 $ 3,200.00

$ 10.67 $ 1,066.67

$ 11.67 $ 4,666.67

$ 11.67 $ 1,166.67