Information about Vinzant Companys inventory of one item follows.

Explanation	Number of Units			Unit Cost
Beginning inventory, January 1		115			$	365
Purchases:
April		135				370
August		145				375
October		120				377
Ending inventory, December 31		115

Questions:

1. Compute the cost of the ending inventory under the average cost method.
2. Compute the cost of the ending inventory under the FIFO method.
3. Compute the cost of the ending inventory under the LIFO method.

Answer each of the 3 questions by entering your answers in the tabs below.

Compute the cost of the ending inventory under the average cost method. (Round your "average cost per unit" answer to 2 decimal places.)

Average Cost	Merchandise available for sale			Ending Inventory
	Number of units	Unit cost	Total cost	Number of units	Average cost per unit	Total cost
Beginning inventory			$0
Purchases:
April			0
August			0
October			0
Total	0		$0			$0