.840, (b) $97.240. $20,592(c) $100,800, $17.040) ge cost method, and (c) LIFO method 3) Springwell Furniture began June with merchandise inventory of 45 sofas that cost a total of $31.500. During the month, Springwell purchased and sold merchandise on account as follows: June 71 14 18 271 Purchase Sale Purchase Sale 25 sofas @ $750 each 30 sofas @ $1,150 each 50 sofas @ $775 each 35 sofas @ $1.200 each company's cost of goods sold and ending merchandise inventory in June, using the Assuming the company follows a perpetual inventory recording system, determine the following inventory costing methods: (a) FIFO, (b) weighted average cost, and (c) LIFO. (Answer: (a) $46,500, $42,500 (b) $47,172, $41,228, (C) $49,375, $39,625