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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.e.g. 2,520) 1 January May 1 Beginning Inventory Purchases Total Available Total Sales Ending Inventory 145 items @ $4 - 445 items @ $7 - 590 items 430 items 160 $580 3.115 $3,695 December 31 $ Cost assigned on an average cost basis Cost assigned on a FIFO basis Costs assigned on a LIFO basis $ $

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