FIFO	LIFO	AVERAGE COST
ENDING INVDENTORY
COST OF GOODS SOLD

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 1,990 $ 7 For the current year: Purchase, March 21 5,130 9 Purchase, August 1 2,980 10 Inventory, December 31, current year 4,200 Required: