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.

January 1 Beginning Inventory 150 items @ $4 = $600 May 1 Purchases 450 items @ $6 = 2,700 Total Available 600 items $3,300 Total Sales 430 items December 31 Ending Inventory 170

Cost assigned on an average cost basis $ Cost assigned on a FIFO basis $ Costs assigned on a LIFO basis $