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Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided

Hamilton 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 1,960 $ 5
For the current year:
Purchase, March 21 6,010 4
Purchase, August 1 4,120 2
Inventory, December 31, current year 2,900

Required:

Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods.

Note: Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.

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