Inventory by Three Methods; Cost of Goods Sold

The units of an item available for sale during the year were as follows:

Jan. 1	Inventory	24 units at $1,800 each
June 9	Purchase	31 units at $1,950 each
July 28	Purchase	10 units at $2,040 each
Nov. 1	Purchase	16 units at $2,100 each

There are 18 units of the item in the physical inventory at December 31.

Determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form:

Round your final answers to the nearest dollar.

	Cost
Inventory Method	Ending Inventory	Cost of Goods Sold
a. First-in, first-out method	$fill in the blank 1	$fill in the blank 2
b. Last-in, first-out method	fill in the blank 3	fill in the blank 4
c. Weighted average	fill in the blank 5	fill in the blank 6