Consider the following information for Maynor Company, which uses a perpetual inventory system:

	Transaction	Units	Unit Cost	Total Cost
January 1	Beginning Inventory	10		$	60		$	600
March 28	Purchase	20			66			1,320
August 22	Purchase	20			70			1,400
October 14	Purchase	25			76			1,900
Goods Available for Sale		75					$	5,220

The company sold 25 units on May 1 and 20 units on October 28.

Required:

Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.

a. FIFO

b. LIFO

c. Weighted Average