Gray Company uses the periodic inventory system to account for inventories. Information related to

Gray Company's inventory is given here:

Units Unit cost

Oct. 1 Beginning inventory 400 $9.80

8 Purchase 800 $10.40

16 Purchase 600 $10.80

24 Purchase 200 $11.80

A physical inventory on October 31 shows 550 units on hand.

Using the attached template, compute and show the following:

The value of the ending inventory and the cost of goods sold under the FIFO method

The value of the ending inventory and the cost of goods sold under the LIFO method

The value of the ending inventory and the cost of goods sold under the average cost method