Inventory Costing MethodsPerpetual Method The Lippert Company uses the perpetual inventory system. The following July data are for an item in Lipperts inventory: July 1 Beginning inventory 30 units @ $9 per unit 10 Purchased 50 units @ $10 per unit 15 Sold 60 units 26 Purchased 25 units @ $11 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: $ Answer

B. Last-in, first-out: Cost of Goods Sold $ Answer

C. Weighted-average cost: Cost of Goods Sold $ Answer