Beginning inventory,purchases,and sales data for hammers are as follows: 
Assuming the business maintains a perpetual inventory system,complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions:
(a) First-in,first-out 
(b) Last-in,first-out 
Definitions:
Hospital Insurance
Coverage typically part of health insurance policies, paying for hospitalization, surgeries, and related medical expenses.
Hourly Rates
The cost or wage set for one hour of work or service.
Time and a Half
A rate of pay that is 1.5 times the employee's normal wage, typically paid for overtime or holiday work.
Time and a Half
A pay rate that is 1.5 times the employee's standard hourly rate, typically used for overtime work.
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