For the current year, Parker Games has the following inventory transactions related to its traditional board games. Parker Games uses a periodic inventory system.

Date

Transaction

Units

Unit Cost

Total Cost

Jan.

$1$

Beginning inventory

$102$

$

$19$

$

$1,938$

Mar.

$12$

Purchase

$79$

$14$

$1,106$

Sep.

$17$

Purchase

$49$

$7$

$343$

$230$

$

$3,387$

Jan. $1$Dec$.31$

Sales

$159$

Because of the increasing popularity of electronic video games, Parker Games continues to see a decline in the demand for board games. Sales prices have decreased by over $50\%$ during the year. At the end of the year, Parker estimates the net realizable value of the $71$ units of unsold inventory to be $$390.$

Required:

Using FIFO, calculate ending inventory and cost of goods sold.

Using LIFO, calculate ending inventory and cost of goods sold.

Using Weighted Average, calculate ending inventory and cost of goods sold.