Erie Jewelers sells gold earrings. Its beginning inventory of Model 407 gold earrings consisted of 145 pairs of earrings at $50 per pair. Erie purchased two batches of Model 407 earrings during the year. The first batch purchased consisted of 130 pairs at $53 per pair; the second batch consisted of 215 pairs at $56 per pair. During the year, Erie sold 385 pairs of Model 407 earrings. Required Determine the amount of product cost Erie would allocate to cost of goods sold and ending inventory assuming that Erie uses (a) FIFO, (b) LIFO, and (c) weighted average.

> \begin{tabular}{|l|l|l|l|l|l|r|} \hline \multicolumn{1}{|c|}{ FIFO } & Pairs & \multicolumn{2}{|c|}{ Cost per Pair } & \multicolumn{2}{|c|}{ Cost of Goods Sold } \\ \hline & & @ & & = & $ & 0 \\ \hline & & @ & & = & 0 \\ \hline & & @ & & = & 0 \\ \hline Total pairs sold & 0 & & & & $ & 0 \\ \hline & & & & & \\ \hline Ending inventory & & & & & & \\ \hline \end{tabular} Required B > \begin{tabular}{|l|l|l|l|l|} \hline Goods Available for Sale & & Total Pairs & = & Cost per Pair \\ \hline & & & = & 0 \\ \hline & & & & \\ \hline Cost of goods sold & & & & \\ \hline Ending inventory & & & \\ \hline \end{tabular}