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

July	1	Beginning inventory	35	units @	$13	per unit
	10	Purchased	55	units @	$14	per unit
	15	Sold	65	units @
	26	Purchased	30	units @	$15	per unit

Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar.

A.	First-in, First-out:
	Ending Inventory
	Cost of Goods Sold:
B.	Last-in, first-out:
	Ending Inventory
	Cost of Goods Sold:
C.	Weighted-average cost:
	Ending Inventory
	Cost of Goods Sold