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

	Transaction	Units		Unit Cost			Total Cost
January 1	Beginning Inventory	30		$	80		$	2,400
March 28	Purchase	40			86			3,440
August 22	Purchase	60			90			5,400
October 14	Purchase	65			96			6,240
Goods Available for Sale		195					$	17,480

The company sold 65 units on May 1 and 60 units on October 28.

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