Based upon the following data, estimate the cost of ending inventory using the gross profit method.

Sales	$697,000
Estimated gross profit rate	27%
Beginning inventory	$64,200
Purchases (net)	673,600
Merchandise available for sale	$737,800

$__________

The units of Manganese Plus available for sale during the year were as follows:

Mar. 1	Inventory	24 units	@ $29	$696
June 16	Purchase	30 units	@ $35	1,050
Nov. 28	Purchase	43 units	@ $36	1,548
		97 units		$3,294

There are 17 units of the product in the physical inventory at November 30. The periodic inventory system is used.

a. Determine the inventory cost by the FIFO method. $

b. Determine the inventory cost by the LIFO method. $

c. Determine the inventory cost by the average cost methods. Round answer to two decimal places. $