Computations involving different cost flow assumptions. Harris Company's raw material purchases during September, its first month of operations, were as follows:

The inventory at September 30 was 2,500 pounds. Compute the cost of the inventory on September 30 and the cost of goods sold for September under each of the following cost flow assumptions:

a. FIFO

b. Weighted average

c. LIFO

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Quantity Cost per Pound Total Costs 9/1 Purchased 9/5 Purchased 1,500 pounds $4.50 $ 6,750 4,000 pounds 4.60 18,400 9/14 Purchased 9/27 Purchased 2,500 pounds 4.90 12,250 3,500 pounds 5.15 18,025 9/29 Purchased 2,000 pounds 5.25 10,500 Total Goods Available for Sale.... 13,500 pounds $65,925