E7-5 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost LO7-2

Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1:

	Units	Unit Cost
Inventory, December 31, prior year	1,890	$ 3
For the current year:
Purchase, March 21	5,150	5
Purchase, August 1	2,970	6
Inventory, December 31, current year	4,190

Required:

Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods.

need ending inventory factors FIFO, LIFO and Average cost.

if you can explan thank you