Gaga Fashions uses a periodic inventory system. The beginning inventory of a particular product, and the purchases during the current year, were as follows:

Jan 1	Beginning Inventory	400	$7.00	2,800
Feb 15	Purchase	1,000	$7.50	7,500
June 30	Purchase	1,400	$8.00	11,200
Nov 25	purchase	1,200	$8.25	9,900
	Total Available for Sale in Year	4,000		31,400 At December 31, the ending inventory of this product consisted of 1,300 units. Determine the cost of the year-end inventory and the cost of goods sold for this product under each of the following methods of inventory valuation: Average Cost First In, First Out Last In, First Out