Computations involving different cost flow assumptions. Sun Health Food's purchases of vitamins during Year 10, its first year of operations, were as follows:

The inventory on December 31 was 420 units. Compute the cost of the inventory on December 31 and the cost of goods sold for the year under each of the following cost flow assumptions:

a. FIFO

b. Weighted average

c. LIFO

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Quantity Cost per Unit Total Cost January 5 Purchase 460 $4.30 $ 1,978 April 16 Purchase 670 4.20 2,814 August 26 Purchase 500 4.16 2,080 November 13 Purchase 870 4.10 3,567 Totals... 2,500 $10,439