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The beginning inventory and purchases of an item for the period were as follows: March 3  Beginning...

The beginning inventory and purchases of an item for the period were as follows:

March 3  Beginning inventory 12 units at $15 each
March 11 First purchase 13 units at $17 each
March 14 Sale 18 units
March 21 Second purchase 9 units at $20 each
March 25 Sale 10 units


Determine the cost of the ending inventory of 19 units in the inventory by each of the following methods, presenting details of your computations for: (a) first-in, first-out; (b) last-in, first-out; (c) average cost under both periodic and perpetual inventory systems.

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