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

July	1	Beginning inventory	130	units @	$8	per unit
	10	Purchased	150	units @	$9	per unit
	15	Sold	160	units @
	26	Purchased	125	units @	$10	per unit

Calculate the cost of goods sold for the July 15 sale 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. For weighted-average cost, do not round the weighted-average unit cost.

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