On July 1, the Lavaca Company Began Business with the Purchase

Essay

On July 1, the Lavaca Company began business with the purchase of 250 units of inventory for $21, 625.During the month, Lavaca had the following inventory transactions:
$\begin{array}{ll}\text { Date }\\\text { July } 6 & \text { Purchased } 100 \text { units @ } \$ 75 \text { per unit. } \\11 & \text { Sold } 200 \text { units. } \\17 & \text { Sold 85 urits. } \\24 & \text { Purchased } 100 \text { units } @ \$ 125 \text { per unit } \\28 & \text { Purchased } 50 \text { units } @ \$ 110 \text { per unit. } \\30 & \text { Sold } 100 \text { unite }\end{array}$ Required:
Compute the cost of the inventory at the end of July under the following alternatives:
a. $\quad$ FlFO periodic
b. $\quad$ FIFO perpetual
c. $\quad$ LIFO periodic
d. $\quad$ LIFO perpetual
e. $\quad$ Weighted average (round unit costs to 2 decimal placess
f. $\quad$ Moving average (round unit costs to 2 decimal places)