Inventory Costing Methods-Periodic Method Merritt Company uses the periodic inventory system. The following May data are for an item in Merritt's inventory:

May

1

Beginning inventory

210

units @

$36

per unit

12

Purchased

160

units @

$41

per unit

16

Sold

240

units @

24

Purchased

220

units @

$42

per unit

Calculate the cost of goods sold for May and ending inventory at May 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods.

Do not round until your final answers. Round your final answers to the nearest dollar.