ASSESSMENT 1 - INVENTORY VALUATION

Nalou Ca Company showed the following information:

Units Unit Cost Total Cost

January 1 Beginning 10,000 40 400,000
31 Sale 5,000
April 1 Purchase 15,000 50 750,000
July 31 Sale 18,000
October 1 Purchase 25,000 60 1,500,000
December 31 Sale 12,000
Required: Compute the cost of ending inventory and cost of goods sold using: (Round values
to two decimal places)
a. FIFO
b. Weighted average
c. Moving average