Beginning inventory, purchases and sales data for T-shirts are as follows:

April 3	Inventory	24 units	@	$10
11	Purchase	26 units	@	$12
14	Sale	36 units
21	Purchase	18 units	@	$15
25	Sale	20 units

Assuming the business maintains a periodic inventory system; calculate the cost of merchandise sold and ending inventory under the following assumptions:

1. FIFO
2. LIFO
3. Average cost

In your computations, round the average cost per unit to two decimal places and round your final answers to the nearest dollar.

	FIFO	LIFO	Average Cost
Cost of merchandise sold	$	$	$
Ending inventory	$	$	$