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Compute the cost to be assigned to ending inventory for each of the methods indicated given the following information about purchases and sales during the

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Compute the cost to be assigned to ending inventory for each of the methods indicated given the following information about purchases and sales during the year. (Do not round intermediate calculations. Round final answers to decimal places, eg. 2,520.) January 1 Beginning Inventory 150 items @ $3 - $450 May 1 Purchases 450 items @ $5 2,250 Total Available 600 items $2,700 Total Sales 435 items December 31 Ending Inventory 165 Cost assigned on an average-cost basis $ Cost assigned on a FIFO basis $ Costs assigned on a LIFO basis $ 525

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