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Inventory Valuation: FIFO, LIFO and AVERAGE The company reported the following inventory data for the year. Description Units Cost per Unit Beginning Inventory 300 $17.50

Inventory Valuation: FIFO, LIFO and AVERAGE

The company reported the following inventory data for the year.

Description Units Cost per Unit
Beginning Inventory 300 $17.50
Purchases:
March 23 900 $18.00
September 16 1,200 $18.25
Units remaining at year-end 400

Compute the ending inventory assuming the following methods:

a. FIFO inventory valuation

b. LIFO inventory valuation

c. Average Cost inventory valuation

The company uses a periodic inventory system.

Note: Please set this answer up into a table like you would in Microsoft Excel. Thanks in advance.

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