Inventory valuation methods: basic computations. The January beginning inventory of the White Company consisted of 300 units costing $40 each. During the first quarter, purchases were:
Date Quantity Cost
1/15 700 $45
1/31 1200 $48
2/12 800 $46
2/27 650 $51
Sales during the first quarter were.
The White Company uses a perpetual inventory system.
Using the White Company data, fill in the following chart to compare the results obtained under the FIFO, LIFO, and weighted-average inventory methods.
Goods available for sale
Ending inventory, March 31
Cost of goods sold
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