Christoph Company uses the periodic inventory method and had the following inventory information available for the month of March.

date	transaction	units	Unit Cost
3/1	Beginning inventory	100	$2
3/5	Purchase No. 1	200	$3
3/12	Sale No. 1	150
3/18	Purchase No. 2	200	$3.5
3/25	Sale No. 2	250
3/30	Purchase No. 3	100	4

A physical count of units on March 31 revealed that 200 units were on hand.

Instructions: Answer the following independent questions and show computations supporting your answers.

1. Assume that the company uses the average cost method. What is the dollar value of the ending inventory on March 31?

2. Assume that the company uses the LIFO inventory method. What is the dollar value of the cost of goods sold during March?

3. Assume that the company uses the FIFO inventory method. The dollar value of the ending inventory on March 31 is: