Inventory Data for the Accounting Period Were as Follows (In

Essay

Inventory data for the accounting period were as follows (in order of date): $\begin{array} { | l | l | l | } \hline & \text { Units Cost } & \text { Unit } \\\hline \text { Beginning inventory } & 400 & \$ 3.00 \\\hline \text { Purchase \#1 } & 800 & \$ 3.10 \\\hline \text { Sale \#1 } & 1,000 & \\\hline \text { Purchase \#2 } & 800 & \$ 3.20 \\\hline \text { Sale \#2 } & 600 & \\\hline\end{array}$
Compute the following amounts under each inventory flow method
(round to nearest cent): $\begin{array} { | l | l | l | } \hline & \text { Ending Inventory Valuation } & \text { Cost of Goods Sold } \\\hline \text { (a) FIFO } & \$ - & \$ - \\\hline \text { (b) Weighted average } & \$ - & \$ - \\\hline \text { (c) Moving average } & \$ - & \$ - \\\hline\end{array}$