Cost
Inventory Method	Merchandise		Merchandise
	Inventory		Sold
FIFO	$7,728		$21,522
LIFO	6,660		22,590
Average cost
Cost of merchandise available for sale:
	42		units at	$180		=	$ 7,560
	58		units at	$195		=	11,310
	20		units at	$204		=	4,080
	30		units at			=
	150		units
First-in, first-out:
Merchandise inventory:
	30		units at	$210		=	6,300
	7		units at	$204		=	1,428
	37		units				$ 7,728
Merchandise sold							$ 21,522
Last-in, first-out
Merchandise inventory:
	37		units at	$180		=	$ 6,660
Merchandise sold							$ 22,590
Average cost
Average cost =			total cost /	150		total units
=
Merchandise inventory:
			units at			=
Merchandise sold