1. Last year Cramer Sales sold 190 units @ $340 each. Cash selling and administrative expenses were $15,000. The following information is also available:

Beginning inventory 30 units @ $150

Feb 3 Purchase 60 units @ $160

June 2 Purchase 70 units @ $170

Oct 1 Purchase 40 units @ $180

The company's income tax rate is 30%.

Compute the following:

1. Cost of goods sold using the FIFO method

2. Ending inventory using the FIFO method

3. Cost of goods sold using the LIFO

4. Ending inventory using the LIFO method

5. Ending inventory using the average cost method