Cash

$

19,600

Beginning inventory

17,630

(205 units @ $86)

Common stock

14,900

Retained earnings

22,330

The following five transactions occurred in 2014:

1.	First purchase (cash) 120 units @ $88
2.	Second purchase (cash) 205 units @ $96
3.	Sales (all cash) 355 units @ $188
4.	Paid $13,400 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required
a.	Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted-average cost flow.