he following data concerns inventory and purchases at Muse Company.

Inventory, January $194$ units at $$107$

Purchases:

January $664$ units at $$106$

January $1549$ units at $$106$

January $2239$ units at $$100$

Inventory, January $3193$ units

Determine the cost of the ending inventory on January $31$ under the average cost method.

Determine the cost of the ending inventory on January $31$ under the first in$,$ first out $($FIFO$)$ method.

Determine the cost of the ending inventory on January $31$ under the last in$,$ first out $($LIFO$)$ method.

Analyze:

Which inventory valuation method resulted in the highest dollar amount for ending inventory?