Inventory Costing Methods

Oppenheimer Inc. reported the following information for the month of October:

October 1	Inventory	57 units @ $20
October 7	Purchase	54 units @ $22
October 18	Purchase	63 units @ $23
October 27	Purchase	42 units @ $24

During October, Oppenheimer sold 137 units. The company uses a periodic inventory system.

Required:

What is the value of ending inventory and cost of goods sold for October under the following assumptions.

Assumption	Cost of Goods Sold	Ending Inventory
1. Of the 137 units sold, 48 cost $20, 38 cost $22, 47 cost $23, and 4 cost $24.	$	$
2. FIFO	$	$
3. LIFO	$	$
4. Weighted average method (Round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar.)