Computing Cost of Goods Sold and Ending Inventory Under FIFO, LIFO, and Average Cost

Wong Corporation reports the following beginning inventory and inventory purchases.

Inventory balance at beginning of year $480$ units @ $$12$ each $$5,760$

Inventory purchased during the year $840$ units @ $$14$ each $$11,760$

Cost of goods available for sale during the year $1,320$ units $$17,520$

Wong sells $720$ of its inventory units during the year. Compute the cost of goods sold for the year and the inventory on the year$$end balance sheet under the following inventory costing methods.

Note: Do not round until your final answer.

Note: Round your final answers to the nearest whole dollar.