Determine the ending inventory, the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).

Question 1 Sekhon Company had a beginning inventory on January 1 of 184 units of Product 4-18-15 at a cost of $22 per unit. During the year, the following purchases were Mar. 15 460 units at $24 Sept. 4 380 units at $27 July 20 288 units at $25 Dec. 2 115 units at $30 1,150 units were sold. Sekhon Company uses a periodic inventory system