6a) Berful sells one product. It had one item in beginning inventory that cost $10,000, and purchased 4 more items during the accounting period. The cost changed with each purchase, as shown below:

Item Cost of Item

First $12,000

Second 14,000

Third 15,000

Fourth 16,000

If 3 items were sold during the year, calculate the cost of ending inventory using the following cost flow assumptions (Remember beginning inventory in your calculations!):

FIFO $_____________

LIFO $_____________

Weighted Average $_____________