INVENTORY COSTING METHODS. Harrington Company had the following data for inventory during a recent year:

REQUIRED:
Using the FIFO, LIFO, and weighted average methods, compute the ending inventory and cost of goods sold.

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UNITS COST PER UNIT TOTAL COST Beginning inventory 500 $ 9.00 $ 4,500 Purchase 1, 1/28 1,600 9.60 $15,360 Purchase 2, 5/2 1,200 10.30 12,360 Purchase 3, 8/13 1,400 10.80 15,120 Purchase 4, 11/9 1,100 11.10 12,210 Total purchases 5,300 55,050 Goods available for sale 5,800 $59,550 Less: Sales 5,240 Ending inventory 560 Assume that Harrington uses a periodic inventory accounting system.