Inventory Costing Methods

Tyler Company has the following information related to purchases and sales of one of its inventory items.

$\backslash$table$[[$Date$,,$Description,Units Purchased at Cost,Units Sold at Retail$],[$Sept$.,1,$Beginning inventory,$400$ units @ $$11,],[,10,$Purchase,$600$ units @ $$12,],[,20,$Sales,,$680$ units @ $$20],[,25,$Purchase,$800$ units at $$14,]]$

Assume Tyler uses a perpetual inventory system.

Required:

Calculate ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods.

$\backslash$table$[[,$FIFO,LIFO,Avg Cost$],[$Cost of$,$$$,$$$,$$