Consider the following information for questions 22-25:

September 1 Inventory 10 @ $3.00

8 Purchased 30 @ $3.20

17 Purchased 20 @ $3.10

25 Purchased 40 @ $3.40

Units Sold: 55

COST OF GOODS SOLD under the FIFO method is (assume a periodic inventory system):

		$180.20.
		$167.50.
		$172.50.
		$184.25.

Consider the following information for questions 22-25:

September 1 Inventory 10 @ $3.00

8 Purchased 30 @ $3.20

17 Purchased 20 @ $3.10

25 Purchased 40 @ $3.40

Units Sold: 55

COST OF GOODS SOLD under the average cost method is (assume a periodic inventory system):

		$177.25
		$175.80
		$178.20.
		$145.80.

Consider the following information for questions 22-25:

September 1 Inventory 10 @ $3.00

8 Purchased 30 @ $3.20

17 Purchased 20 @ $3.10

25 Purchased 40 @ $3.40

Units Sold: 55

ENDING INVENTORY (NOT Cost of Goods Sold) under LIFO method is (assume a periodic inventory system):

		$194.25.
		$182.50.
		$154.75.
		$141.50.

Consider the following information for questions 22-25:

September 1 Inventory 10 @ $3.00

8 Purchased 30 @ $3.20

17 Purchased 20 @ $3.10

25 Purchased 40 @ $3.40

Units Sold: 55

Assume that of the 55 units sold, 5 units were sold on Sept. 5, 30 were sold on Sept. 19, and 20 were sold on Sept. 30. Calculate ENDING INVENTORY (NOT Cost of Goods Sold) under LIFO method, assuming that the PERPETUAL inventory system is used:

		$154.00.
		$147.00.
		$167.00.
		$156.00.